AI models and platforms · Practice squad · Independent

Perplexity

AI answer engine.

59OVRProspectDraft · rated on 4 of 6

Ratings

Perplexity was valued at about $20bn with about $450m of annualized revenue in Sept 2025, and it buys models from the labs it competes with.

Dominance56draft
A practice-squad answer engine with about $450m of annualized revenue (Sept 2025) and no model of its own.
reported valueaddvc.com
Momentum85draft
Revenue was reported up 50% after it moved from ads to subscriptions in February 2026.
reported valueaddvc.com
Leverage50draft
The Atlas states no company that depends on Perplexity.
reported valueaddvc.com
Network base 50, judgment +0.
Durability60draft
It buys models from the labs it competes with, and no 2026 round is confirmed.
reported valueaddvc.com
Firepowerunrated
The Atlas states no confirmed 2026 round, cash or profit for Perplexity.
Deal Heatunrated
The Atlas reports no deal talks, pending deal, listing plan or stated acquisition plan for this company.

Key figures

$20bnAbout valuation and about $450m of annualized revenue (Sept 2025)50%Revenue reported up after moving from ads to subscriptions in February 2026

From the Atlas key figure: About $20bn valuation and about $450m of annualized revenue (Sept 2025). Revenue reported up 50% after moving from ads to subscriptions in February 2026. Source: valueaddvc.com.

Profile

AI answer engine.

AI models and platforms · Frontier labs · Practice squad

Key figure About $20bn valuation and about $450m of annualized revenue (Sept 2025). Revenue reported up 50% after moving from ads to subscriptions in February 2026.

Why it matters Answer engine that competes with Search without owning a model.

What could change it No 2026 round confirmed. It buys models from the labs it competes with.

reported valueaddvc.com

Connections

The Atlas draws no relationships for this company yet.

See Perplexity and its connections on the map →

Sector standing

No. 9 of 11 rated in AI models and platforms

Ratings by Claude (draft), 2026-11-02, read from the Atlas data under the ratings rubric. Logo: perplexity.ai. CC0 via Simple Icons 16.36.0. The mark is a trademark of its owner.