Perplexity ai launching $ 50 million venture fund to back early-stage startups

Perplexity ai, the developer of a popular artificial intelligence search engine, is close to raising a $ 50 million venture fund focused on early-statutups, cnbc has lived.

The company will be an anchor investor in the fund, but most of the capital is coming from outside limited partners, according to a person family with the matter who asked not to be nameded Confidential.

The two general partners of the fund are also coming from Elsewhere. They are kelly graziadei and joanna lee shevelenko, who have been running early-stage fund F7 ventures, the person said. According to a filing With the US Securities and Exchange from October, Perplexity F7 Fund I Had Filed To Raise $ 50 Million. Graziadei and shevelenko are named as the two general partners.

Perplexity ai has been in the middle of the general ai boom that began in late 2022 with the launch of openai’s chatgpt. CNBC reported in November that the company was in the final stages of raising $ 500 million in Funding at a $ 9 billion ValuationPerplexity ai is viewed as a potential competitor to Google As more consumers turn to ai to search for information online.

Last Month, Perplexity AI also made a bid to merge with tiktok Us as the social media platform faces a potential us shutdown.

The company sees a potential investment advantage when it comes to Startups BeCause Roghly 80,000 developers are plugged into itworks, so Perplexity Gets Visibility ISIBILITITO IS SATO SATO SAPLITATION Programming Interface, or API, and who is most active in their consumption, the person said.

Perplexity’s founders and investors are putting money into the fund, and some of the company’s commission is in the form of stock, the source said.

– CNBC’s Samantha Subin Contributed to this Report.

Watch: Perplexity’s case for us tiktok ownership