Perplexity AI

Business/Productivity Software · San Francisco, CA · Founded 2022 · Privately Held (backing)

Developer of AI-powered information discovery tools designed for answering questions and exploring topics. Perplexity AI is based in San Francisco, CA and was founded in 2022. It is valued at about $19.7 billion as of Oct 2026, set by secondary market price, down 2% since its Series E in Sep 2025. It has raised $1.7 billion across 9 recorded rounds; the latest was a $15 million private secondary transaction in May 2026.

PMV mark · valuation
$19.7B
Oct 2026
Secondary market · $/share
$60
Total raised
$1.7B
Last round
Secondary Transaction - Private
May 2026

Capitalization table

26 share classes, by liquidation seniority
ClassLiq. prefIssue price
Series A-1▮▮
Series A-2▮▮
Series A-3▮▮
Series A-4▮▮
Series A-5▮▮
Series A-6▮▮
+ 20 more classes · a free account shows the full cap table
Preferences, participation and issue prices are Pro.Unlock preferences + participation

Membership and data by Private Market View

Pro
The prices on Perplexity AI
  • ·Every dated print: 14 trades with prices and structures
  • ·6 fund marks: filer, period, implied $/share
  • ·The monthly marks chart, 46 months in dollars
  • ·Price per share on 7 rounds
Pro · $99 a month
List $299 · founding price, locked for as long as you stay

Membership and data by Private Market View

Reading Perplexity AI's cap table

Share classes are listed senior-first: in a sale or liquidation, higher-seniority preferred stock is paid its liquidation preference before junior classes and common see proceeds. A participating class takes its preference and shares in the remainder; a non-participating class chooses one or the other.

The original issue price is what investors paid per share in that class’s round — read against current secondary prices, it shows which investors are above or below water.

Frequently asked about Perplexity AI

How many share classes does Perplexity AI have?
Perplexity AI has 26 recorded share classes, listed by liquidation seniority — Series A-1 is the most senior.
How many shares has Perplexity AI authorized?
Across its 26 recorded classes, Perplexity AI has authorized 54,669,250+ shares.
Where does Perplexity AI's cap table come from?
Share classes are assembled from certificates of incorporation, priced-round filings, and disclosures across Perplexity AI's 9 recorded funding rounds.