Artificial intelligence (AI) search startup Perplexity AI has reportedly secured $200 million in new funding. The new funding values the company at $20 billion, according to multiple media accounts late Wednesday (Sept 10). The company’s financing was initially reported by The Information, which cited sources familiar with the matter. That report noted that Perplexity has raised funds approximately once every two months in the last year, with its total funding exceeding $1 billion. Perplexity was valued at $14 billion following a funding round in March, with its valuation jumping to $18 billion after it raised another $100 million in July. This latest funding happened in the wake of Perplexity’s bid last month to purchase Google’s Chrome browser for $34.5 billion, a move that would have allowed its Comet browser to better compete with the likes of OpenAI. The company’s offer came after the Justice Department proposed that Google sell Chrome as a remedy in its antitrust case. A federal judge recently ruled that Google did not need to break up its search business, meaning it will keep Chrome.

Full report : AI startup Perplexity raises $200 million at $20 billion valuation.