Sources: Perplexity is looking to raise ~$500M to double its valuation to $8B or more; Perplexity's annualized revenue is ~$50M, up from ~$10M in March (Wall Street Journal)

Perplexity, a search-based chatbot, is looking to raise around $500 million to double its valuation to $8 billion or more, with annualized revenue currently at approximately $50 million, a significant increase from $10 million in March. This would mark the company’s fourth funding round in just a year, showcasing its rapid growth and appeal to investors.

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