Perplexity Seeks $20B Funding Round, Cognition and Cohere Raise $500M Each

Perplexity is seeking a new round of funding at a $20B post-money valuation. Lambda, a cloud infrastructure firm, is in talks with investors for a funding round that could value the company at $4B-$5B ahead of a potential IPO. Rivos, a chip startup, is seeking to raise $400M-$500M, with a valuation of over $2B. Cognition and Cohere have also secured $500M funding rounds, bringing their valuations to $9.8B and $6.8B, respectively.

In the rapidly evolving landscape of artificial intelligence, several prominent firms are seeking substantial funding to support their growth and expansion. Among them, Perplexity AI is aiming for a new round of funding at a $20 billion post-money valuation. The company, known for its AI-powered search engine, has experienced rapid growth, reaching an annual recurring revenue of $80 million and a valuation of $18 billion in less than two years [1].

Additionally, Lambda Inc., a cloud infrastructure firm backed by Nvidia Corp., is in talks with investors for a funding round that could value the company at $4 billion to $5 billion. This move comes ahead of a potential initial public offering (IPO) by the end of 2025, signaling confidence in the surging demand for AI computing resources [2].

Rivos, a chip startup, is seeking to raise $400 million to $500 million, with a valuation of over $2 billion. The company aims to leverage this funding to advance its AI chip technology. Meanwhile, Cognition and Cohere have secured $500 million funding rounds, bringing their valuations to $9.8 billion and $6.8 billion, respectively [3].

These funding rounds reflect the intense competition and investment in the AI sector. Companies like Perplexity and Lambda are positioning themselves as key players in the AI ecosystem, with Lambda’s focus on flexible, GPU-centric cloud services and Perplexity’s AI-powered search engine. As the AI market continues to grow, these firms are well-positioned to capitalize on the demand for advanced AI technologies.

References:

[1] https://cointelegraph.com/news/perplexity-ai-fundraise-20b-valuation-google-chrome-bid
[2] https://www.webpronews.com/nvidia-backed-lambda-seeks-5b-valuation-in-ai-funding-push/
[3] https://www.webpronews.com/nvidia-backed-lambda-seeks-5b-valuation-in-ai-funding-push/