IVP’s Risky Perplexity Bet; CRV Funds Salestech Startup; OpenAI’s First-Mover Hangover

If you’re tired of digging through piles of websites and adding “Reddit” to the end of your Google searches, you may want to take a look at this red-hot AI-powered search engine startup—which now has the backing of yet another VC.

Perplexity, whose search engine product competes with OpenAI’s ChatGPT and Google’s Bard, is raising around $50 million in funding from IVP at a post-investment valuation of $500 million, Kate Clark and I reported on Tuesday. The latest …

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