The Information: Nvidia in talks to invest in Perplexity round valuing it above $30B
- Valuation
- $30B
- Place in VP50
- #29
- Sources
- 3
- Claims verified
- 7 of 7
What happened
The Next Web reported on August 24, 2026, citing The Information, that Nvidia had discussed an investment in Perplexity at a valuation of more than $30 billion. The Next Web said that would be a jump of over 50% from the roughly $20 billion of Perplexity's last reported round. It described the round as worth billions of dollars and said the size of Nvidia's stake and the other participants had not been reported.
According to The Next Web, Nvidia was already a Perplexity shareholder from earlier rounds, which also included Jeff Bezos. It said the two sides had also considered a technology licensing arrangement alongside the equity investment, and that it was unclear whether that part was still under consideration. The Next Web described the round as unconfirmed and said neither company had commented publicly. It noted that earlier reported valuations of $14 billion, $18 billion and $20 billion over the past 18 months had taken months to settle. No amount for the round, no close and no terms beyond the valuation were reported in the sources read.
Key points
- The Information reported that Nvidia discussed investing in Perplexity at a valuation of more than $30 billion.12
- The valuation would be over 50% above the roughly $20 billion of the last reported round, per The Next Web.1
- The round was described as worth billions of dollars; Nvidia's stake and other participants were not reported.1
- The Next Web said the sides also considered a technology licensing arrangement.1
- Neither company had commented publicly, and the round was unconfirmed.1
Why it matters
A valuation above $30 billion, against roughly $20 billion after the last reported round, would put a new mark on existing Perplexity shares if the round is completed.
Nvidia is already a shareholder and was reported in talks to invest again, alongside a possible licensing arrangement, which links Perplexity to a chip supplier.
The stake size, other investors and the amount are not reported, so the mark is a negotiating figure and not a priced round.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series B | Jan 4, 2024 | $520M | $74M | IVP |
| Funding round | Jun 27, 2024 | $3.0B | $250M | Unknown |
| Funding round | Dec 18, 2024 | $9.0B | $500M | Institutional Venture Partners |
| Funding round | May 12, 2025 | $14B | $500M | Accel |
| Funding round extension | Jul 17, 2025 | $18B | $100M | Unknown |
| Funding round | Sep 10, 2025 | $20B | $200M | Unknown |
Updated
Fact-check
- Nvidia discussed an investment in Perplexity at a valuation of more than $30 billion, per The Information, relayed August 24, 2026.Confirmed by [1] The Next Web (dated August 24, 2026): it reports the talks, citing The Information. The headline of [2] The Information carries the same valuation (body paywalled); [3] Reuters could not be fetched.Verified
- The valuation would be over 50% above the roughly $20 billion of the last reported round.Confirmed by [1] The Next Web.Verified
- The round was described as worth billions; Nvidia's stake and other participants were not reported.Confirmed by [1] The Next Web.Verified
- Nvidia was already a Perplexity shareholder from earlier rounds that also included Jeff Bezos.Confirmed by [1] The Next Web.Verified
- Nvidia and Perplexity also considered a technology licensing arrangement; it was unclear whether it remained under consideration.Confirmed by [1] The Next Web; the [2] The Information URL also refers to a considered tech licensing deal.Verified
- Earlier reported valuations of $14 billion, $18 billion and $20 billion over the past 18 months took months to settle.Confirmed by [1] The Next Web.Verified
- Neither company had commented publicly and the round was unconfirmed.Confirmed by [1] The Next Web.Verified
Sources
- [1]The Next Web (opens in a new tab)Nvidia is in talks to back Perplexity at more than $30bnNeither company has commented publicly
- [2]The Information (opens in a new tab)Nvidia Discusses Perplexity Investment at $30 Billion-Plus Valuation
- [3]Reuters (opens in a new tab)Nvidia discusses Perplexity investment at $30 billion-plus
