Perplexity, the developer of an AI-powered search engine, is elevating a $50 million seed and pre-seed funding fund, CNBC reported. Although nearly all of the capital is coming from restricted companions, Perplexity is utilizing a number of the capital it raised for the corporate’s development to anchor the fund. Perplexity has reportedly raised $500 million at a $9 billion valuation in December.
Perplexity’s fund is managed by basic companions Kelly Graziadei and Joanna Lee Shevelenko, who in 2018 co-founded an early-stage enterprise agency, F7 Ventures, in line with PitchBook information. F7 has invested in startups like girls’s well being firm Midi. It’s not clear if Graziadei and Shevelenko will proceed to run F7 or if they’ll focus all their energies on the Perplexitiy’s enterprise fund.
OpenAI additionally manages an funding fund often known as the OpenAI Startup Fund. However, not like Perplexity, OpenAI claims it doesn’t use its personal capital for these investments.
