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(Reuters) – Japanese technology investment firm SoftBank (TYO:) Group Corp’s Vision Fund 2 is investing between $10 million and $20 million in US search startup Perplexity AI, valued at $3 billion, Bloomberg News reported on Thursday. dollar.
The report, citing people familiar with the matter, said that SoftBank would make this investment as part of a larger financing round worth $250 million.
She added that the deal has not yet been finalized, and its terms could still change.
SoftBank and Perplexity did not immediately respond to Reuters’ requests for comment.
Perplexity’s research tools allow users to get instant answers to questions using sources and citations. It is powered by a variety of large language models that can abstract and generate information, from OpenAI to Meta’s (NASDAQ:) open source Llama model.
San Francisco, California-based Perplexity AI in January raised $73.6 million from a group of investors including Nvidia (NASDAQ:) and Amazon (NASDAQ:) founder Jeff Bezos at a valuation of $520 million.
The company had previously said it fielded more than 500 million inquiries in 2023 while spending few dollars on marketing.
