Perplexity.
Jan 2026
Mar 2026
Per the CEO
Don't take our word for it — read the reporting.
Tap any outlet to open the original article. Figures reflect publicly reported information.
Revenue more than doubled in six months.
One question in. One cited answer out.
Answer engine
The core product: ask anything, get a direct answer with sources.
Comet
A free AI browser — #3 on the App Store within 48 hours of iOS launch.
Computer
An agent that takes a goal and runs the whole workflow itself.
The answer layer — above every model.
~175× in thirty months.
The company, in six figures.
Who's already on the cap table.
The window has a date.
2028 is on record
The CEO has publicly committed to a 2028 IPO. It is a stated plan, not a promise — until then, eligible investors may participate only through a private placement.
Valuations have stepped up
$9B → $18B → $20B → $22.6B in roughly one year. Company milestones may affect private-market valuations, although no increase in value is assured.
Revenue is catching up
ARR grew so fast the multiple compressed from ~100× to ~50× — stronger fundamentals than the last round priced.
What every investor should weigh honestly.
Google and OpenAI.AI Overviews and ChatGPT search attack the same ground — and Google owns distribution on three billion devices.
Legal overhang.Copyright and content-use disputes with major publishers remain unresolved.
A rich price.~50× ARR — and some recent secondary prints sit at, or below, the last round.
Illiquid and speculative.Private stock can't be freely sold. You may hold for years — or lose the entire investment.
Project
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