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The Late Stage 50 · 2026 edition · #26 of 50

Perplexity

Perplexity is an AI answer engine that researches the open web in real time and returns cited answers.

Access late stageBack to the list
US$750m+ARR · Aug 2026
—growth not disclosed
#26rank by disclosed revenue

The figure

Revenue
annualized revenue of more than US$750 million
ARR · Aug 20261Reuters · 24 Aug 2026
In US dollars
US$750m+
as stated
Standing
reported
Named press, described source — Reuters, citing The Information; the figure is attributed in the article
Published
24 Aug 2026
accessed 17 Oct 2026
Evidence
“annualized revenue has risen to more than $750 million from less than $250 million” — as read on the source page1Reuters · 24 Aug 2026
Prior year
ARR 'approaching $200 million'; Perplexity's head of communication told Business Insider ARR was 'more than $150 million'
ARR · Sep 20252TechCrunch · 10 Sept 2025
Growth
—
no comparable year-on-year figure: rates over periods shorter than a year, or built on floors or approximations, are not shown

Context

Founded
2022
3perplexity.ai
Headquarters
San Francisco, United States
3perplexity.ai
Sector
AI applications
AI answer engine / search
Website
www.perplexity.ai
Status
Private as of 17 October 2026
Aug 2026 coverage is of a possible new private equity round (Nvidia in talks, not closed). The CEO is quoted saying the company plans an IPO in 2028 (CNBC interview, relayed by Benzinga on Yahoo Finance). No acquisition or listing found.4status check · 17 Oct 2026

Market context

Forge Price
$60.00 per share
Forge Private Market Index constituent · weight 1.41%5Forge Global · 17 Oct 2026
Forge valuation
$17.71B
implied from the Forge Price5Forge Global · 17 Oct 2026
Last round · Forge
Series E-6 (09/26/2025): $69.54 per share, $20.53B post-money valuation, $525M raised
5Forge Global · 17 Oct 2026
Clarity Price
$78.99 per share
Clarity Liquidity Index (C50) member, rank 7 of 506Clarity (formerly Hiive) · 17 Oct 2026
Last round · Clarity
Series E-X (September 2025): $20B post-money, $69.54 per share, $200M raised
6Clarity (formerly Hiive) · 17 Oct 2026

Secondary-market indications are published by Forge Global and Clarity (formerly Hiive) on the dates shown; ratings and margins marked “estimate” are a third party's estimates as reported by the named outlet. None is an offer, and none is part of the ranking.

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References

Every figure on this page, by source.

  1. 1Reuters · 24 Aug 2026finance.yahoo.com/technology/ai/articles/nvidia-discusses-perplexity-investment-30-0318042…
  2. 2TechCrunch · 10 Sept 2025techcrunch.com/2025/09/10/perplexity-reportedly-raised-200m-at-20b-valuation/
  3. 3perplexity.aiwww.perplexity.ai/hub
  4. 4status check · 17 Oct 2026finance.yahoo.com/technology/ai/articles/nvidia-talks-back-jeff-bezos-203137388.html
  5. 5Forge Global · 17 Oct 2026forgeglobal.com/perplexity_stock/
  6. 6Clarity (formerly Hiive) · 17 Oct 2026www.clarity.com/browse-companies/perplexity-ai-stock

Every link was opened on 17 October 2026 and the figure read on the page. Secondary-market indications, where shown, are provided by Forge Global and Clarity (formerly Hiive), are not offers, and play no part in the ranking.