Perplexity.AI (Perplexity), the builder of the world’s first generally available conversational answer engine that draws from credible sources in real-time and directly answers users’ questions with sourcing and citations, announced it has raised US$62.7 in a Series C funding round that values the company at more than US$1 billion. The new investment was led by Daniel Gross (former head of AI at Y Combinator), and included existing investors Jeff Bezos, NVIDIA, Tobi Lutke, Elad Gil, Nat Friedman, Naval Ravikant, Andrej Karpathy, IVP, and NEA, among others.
Latham & Watkins LLP advised Perplexity with a Bay Area-based Emerging Companies and Growth team led by partners Ben Potter and Mike Podolny, with associates Justin Tzeng and Kayleigh Kuyon. Advice was also provided on intellectual property matters by Los Angeles/Century City partner Ghaith Mahmood. This deal follows Latham’s representation of Perplexity in its Series A and Series B financings as well as its acquisition of Spellwise in 2023.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
