AI-powered search engine Perplexity AI is reportedly seeking a $20 billion valuation in a new funding round, following its recent unsolicited bid to acquire the Google Chrome browser. This target valuation is significantly higher than its previous $18 billion mark from July 2025, reflecting the rapid growth of the company’s worth since January 2024. Perplexity’s value has surged by an impressive 3,746% since then, reaching a staggering $80 million in annual recurring revenue with 22 million monthly active users according to data platform DemandSage. The company recently made an audacious offer of $34.5 billion to acquire the Google Chrome browser, sparking interest from competitors like OpenAI and Apollo Global Management.