Perplexity, the developer of an AI-powered search engine, is raising a $50 million seed and pre-seed investment fund, CNBC reported. Though the vast majority of the capital is coming from restricted companions, Perplexity is utilizing among 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 accordance with PitchBook information. F7 has invested in startups like ladies’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 called the OpenAI Startup Fund. Nevertheless, in contrast to Perplexity, OpenAI claims it doesn’t use its personal capital for these investments.