Nvidia (NVDA) Eyeing Major Investment in Perplexity AI at $30B+ Valuation

Key Highlights

Table of Contents

Nvidia is negotiating participation in a new Perplexity AI funding round valued above $30 billion
The proposed valuation represents a 50%+ premium compared to Perplexity’s $20 billion valuation from its previous raise approximately 12 months ago
Perplexity’s annual revenue has exceeded $750M, marking a sharp increase from the sub-$250M figure recorded at the beginning of 2026
The revenue spike is partially attributed to Perplexity Computer, the company’s cloud AI agent designed for professional task automation
This would expand Nvidia’s existing stake in Perplexity, which also has backing from Jeff Bezos and SoftBank (SFTBY)

According to a Sunday report from The Information, Nvidia (NVDA) is engaged in discussions to either lead or join a significant funding round for AI company Perplexity, which could establish the startup’s value at over $30 billion.

NVIDIA Corporation, NVDA

The prospective investment round could total several billion dollars in size. However, no agreement has been finalized as negotiations continue.

Should the funding close at the indicated valuation, Perplexity would see its worth climb more than 50% compared to its last capital raise approximately one year prior, which established a $20 billion valuation.

Since Nvidia already holds a position in Perplexity, this potential investment represents an expansion of their current partnership rather than an initial entry.

The relationship between the companies strengthened in July when Perplexity announced plans to deploy Nvidia’s new Vera CPUs for operating its AI agent infrastructure, demonstrating deepening commercial collaboration.

Perplexity’s investor roster also features prominent names including Amazon (AMZN) executive chairman Jeff Bezos and Japan’s SoftBank Group (SFTBY).

Annual Revenue Triples Throughout 2026

The AI startup’s annualized revenue has surpassed $750 million, a dramatic rise from the under $250 million figure recorded when 2026 began. This represents a triple increase within less than one year.

A significant portion of this revenue acceleration stems from Perplexity Computer, the company’s cloud-based artificial intelligence agent that enables professionals to automate various computer tasks.

This offering represents Perplexity’s strategic expansion beyond its core AI search capabilities into more sophisticated agent software designed to manage complex professional workflows.

The dramatic revenue expansion provides clear justification for why investors are prepared to support a substantially elevated valuation compared to previous rounds.

Implications for Nvidia

A new capital injection into Perplexity would strengthen Nvidia’s position throughout the AI software landscape, complementing its dominant hardware and semiconductor operations.

Nvidia stock (NVDA) was trading down approximately 0.98% as of this report.

The semiconductor giant has executed multiple strategic investments in emerging AI companies as part of its broader strategy to maintain influence across the entire artificial intelligence technology stack, spanning from foundational computing infrastructure through to end-user applications.

Perplexity aligns perfectly with this investment thesis as a rapidly scaling AI platform experiencing significant commercial traction.

The Information’s reporting was based on information from individuals familiar with the ongoing negotiations, and neither Nvidia nor Perplexity has issued official confirmation regarding the funding round or specific terms.

The clearest verified metric from the report remains Perplexity’s annualized revenue figure exceeding $750 million.

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