Perplexity Eyes Major Funding as Browser Acquisition Bid Unfolds
Artificial intelligence company Perplexity is preparing for a fresh funding round targeting a $20 billion valuation, according to sources cited by Business Insider. This effort follows the company�s unsolicited $34.5 billion offer to acquire Google Chrome, one of the world�s most popular internet browsers.
Valuation Growth and Bid Details
Perplexity�s reported target value is $2 billion higher than its previous $18 billion valuation in July 2025. The company�s worth has grown rapidly, increasing an estimated 3,746% since January 2024, when Perplexity was valued at $520 million. The latest round of capital is expected to support Perplexity�s acquisition ambitions and product expansion.
On Tuesday, Perplexity submitted a $34.5 billion bid to purchase Google�s Chrome browser. This move comes amid an ongoing antitrust case against Google. A U.S. district court is expected to issue a ruling soon. The decision could potentially force Google to divest Chrome, altering the dynamics of web browsing and search.
Competition and Broader AI Ambitions
Perplexity is not alone in its interest. OpenAI, known for ChatGPT, is reportedly considering a similar bid for Chrome. Additionally, Apollo Global Management and Yahoo have signaled potential interest in acquiring the browser. In July 2025, OpenAI announced plans to launch its own browser, underscoring increased competition in this space.
Market Performance and User Base
Perplexity currently reports an annual recurring revenue of $80 million and counts 22 million monthly active users, according to DemandSage. The company's browser product, Comet, leverages AI technology and seeks to compete with established options like Chrome.
Security Concerns and Recent Incidents
Web browsers remain a target for cyber attacks. In October 2024, the Lazarus Group exploited a vulnerability via an NFT gaming platform. Earlier in June, hackers also leveraged browser vulnerabilities to access Binance accounts. These incidents emphasize the importance of security as browser technology evolves.
Perplexity and Google have not responded to requests for comment as of publication. The outcome of the antitrust case and these acquisition bids could have significant implications for the future of AI-powered web search and browser competition.
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