Perplexity Secures $200 Million to Dominate AI Browser Market

Perplexity has raised $200 million at a valuation of nearly $20 billion to scale its innovative Comet browser, which enables AI agents to perform tasks on users' behalf. Launched free worldwide in October 2025, Comet challenges traditional browsing by integrating AI actions. The funding aims to outpace bigger rivals like Google, while also addressing revenue-sharing with publishers through the Comet Plus tier.