Softbank Backs Perplexity at $3B valuation 6/27/24

The Japanese tech investor Softbank is now backing Perplexity with a $10 million to $20 million fresh round of funding, valuing Perplexity AI at $3 billion and making it one of the most valuable startups in the space. It shouldn’t come as a surprise, since Masayoshi Son and his team have been saying for months now that they’re going on the AI offensive, but is another sign of the red hot funding environment for AI startups.