Perplexity CEO says AI startup has no financial issues; rules out IPO before 2028

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Aravind Srinivas, CEO of AI-powered search engine Perplexity, recently joined a Reddit discussion on the company and asserted that the startup does not face any significant financial difficulties.

“We have all the funding we’ve raised, and our revenue is only growing,” Srinivas stated. “We have no plans of IPOing before 2028.”

Earlier, a Reddit user had claimed in a post that the company was struggling financially and this had led it to implement cost-cutting measures. The post highlighted several factors that appeared to indicate Perplexity is…



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Perplexity CEO says AI startup has no financial issues; rules out IPO before 2028


Aravind Srinivas, CEO of AI-powered search engine Perplexity, recently joined a Reddit discussion on the company and asserted that the startup does not face any significant financial difficulties.

“We have all the funding we’ve raised, and our revenue is only growing,” Srinivas stated. “We have no plans of IPOing before 2028.”

Earlier, a Reddit user had claimed in a post that the company was struggling financially and this had led it to implement cost-cutting measures. The post highlighted several factors that appeared to indicate Perplexity is…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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