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Former OpenAI, Meta, Quora and Bing Execs Raise $26.5M in Series A for Conversational Answer Engine Perplexity AI

March 28, 2023
in Metaverse
Reading Time: 3 mins read
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Perplexity AI

Printed: 28 March 2023, 1:00 pm Up to date: 28 Mar 2023, 1:00 pm

Conversational AI-powered reply engine Perplexity AI has introduced that it has raised $26.5 million in a Sequence A spherical led by New Enterprise Associates (NEA) with participation from Databricks Ventures.

The spherical was additionally joined by present angel buyers who’re outstanding figures in tech, reminiscent of Elad Gil (co-founder Mixer Labs/Colour Well being), Nat Friedman (former CEO of GitHub), and Bob Muglia (former CEO of Snowflake and President of Microsoft) and Paul Buchheit (creator of Gmail).

Its roster of high-profile present buyers—lots of whom are pioneers in search, client merchandise, and synthetic intelligence—contains Yann LeCun (VP and Chief AI Scientist at Meta), Andrej Karpathy (founding member OpenAI & former Head of Tesla AI), Amjad Masad (Founder and CEO of Replit), Oriol Vinyals (VP of Analysis, DeepMind), and Clem Delangue (Founder, CEO of HuggingFace) amongst others.

Based final 12 months by CEO Aravind Srinivas, Denis Yarats, Johnny Ho and Andy Konwinski, Perplexity AI is yet one more entrant into the AI search engine market, offering concise, absolutely cited solutions in real-time.

by way of Perplexity.ai

The search engine generates responses based mostly on the context of the questions posed. It pulls linked sources to supply a single reply, much like what Neeva’s search engine and Courageous’s AI summarizer do.

by way of Perplexity.ai

Perplexity AI was impressed by the founders’ tutorial backgrounds in scientific analysis and question-answering of their earlier positions at OpenAI, Meta, Quora, Bing, and Databricks. The recent funding can be used to additional broaden the platform and develop person sign-in, optimize the applying’s information database and proceed defending person privateness.

“When individuals search on-line for solutions to their questions, they’re offered with infinite lists of hyperlinks that may be manipulated by advertisers and search engine marketing. People are then tasked with sifting by these web sites and distilling the knowledge, a lot of which might not be correct within the first place. With Perplexity AI, we aspire to repair all of that,”

Aravind Srinivas, Co-Founder and CEO, Perplexity AI, stated in an announcement.

In keeping with a press launch, the corporate claims that it’s rising about 100% month-over-month, with over 10 million month-to-month visits. In February alone, the platform noticed over 2 million distinctive guests. 

Alongside the funding announcement, Perplexity AI has additionally launched an iOS app for the search engine, which was beforehand out there solely on the corporate’s web site and as a Chrome extension. The brand new iOS app contains new options like person sign-in for personalization, persistent search historical past, and social sharing.

The app is now out there for obtain in Apple’s App Retailer.

Learn extra:

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Tags: 26.5MAnswerBingConversationalEngineexecsMetaOpenAIPerplexityQuoraRaiseSeries
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