Funding
Nvidia Explores $30 Billion Licensing Agreement with Perplexity AI
Nvidia is currently engaged in discussions with Perplexity AI about a potential licensing agreement that could elevate the AI-powered search startup's valuation to over $30 billion. This figure marks a substantial increase from Perplexity's valuation of approximately $520 million during its Series B funding round in January 2024.
Nvidia's relationship with Perplexity is not new, as the chipmaker participated in the startup's Series B round, which raised $73.6 million. Beyond financial backing, Nvidia has also supported Perplexity through its NVIDIA Inception program, offering access to essential hardware, software tools, and market support.
Perplexity's valuation has seen significant growth, climbing to around $9 billion by late 2024 and reaching between $14 billion and $18 billion by mid-2025. By early 2026, estimates placed the company's value between $20 billion and $23 billion. The startup has raised over $1.5 billion from notable investors, including Jeff Bezos and the SoftBank Vision Fund 2.
The nature of the ongoing discussions is particularly noteworthy, as they focus on a licensing agreement rather than a straightforward equity investment. As of now, neither Nvidia nor Perplexity has publicly confirmed the completion of any deal.
FAQ
What is the potential value of the licensing agreement between Nvidia and Perplexity AI?
The potential licensing agreement could elevate Perplexity AI's valuation to over $30 billion.
How much was Perplexity AI valued during its Series B funding round?
Perplexity AI was valued at approximately $520 million during its Series B funding round in January 2024.
What support has Nvidia provided to Perplexity AI beyond financial backing?
Nvidia has supported Perplexity AI through its NVIDIA Inception program, offering access to essential hardware, software tools, and market support.
What has been the trend in Perplexity AI's valuation from 2024 to 2026?
Perplexity AI's valuation has grown significantly, reaching around $9 billion by late 2024, between $14 billion and $18 billion by mid-2025, and estimated to be between $20 billion and $23 billion by early 2026.
Have Nvidia and Perplexity AI confirmed any deal regarding the licensing agreement?
As of now, neither Nvidia nor Perplexity has publicly confirmed the completion of any deal.