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Perplexity, the AI-powered search startup that competes with Google by providing conversational answers to user queries, has secured $200 million in new capital at a $20 billion valuation, The Information reported<\/a>. The fresh funding comes just two months after the company raised $100 million at an $18 billion valuation, according to a July report in Bloomberg<\/a>.<\/p>\n Since its founding three years ago, the rapidly growing AI company has raised $1.5 billion in total funding, according to PitchBook data. \u00a0It\u2019s unclear who led Perplexity\u2019s latest capital injection. Bloomberg reported that the July financing was an extension of a previous $500 million round completed earlier this year at a $14 billion valuation and led by Accel.<\/p>\n According to a source familiar with the company, Perplexity\u2019s annual recurring revenue (ARR) is approaching $200 million. Last month, Perplexity\u2019s head of communication told Business Insider that the company\u2019s ARR was more than $150 million<\/a>.<\/p>\n Perplexity didn\u2019t immediately respond to a request for comment.<\/p>\n The funding comes as Perplexity positions itself as a challenger to Google\u2019s search dominance. In August, Perplexity offered to buy Google\u2019s Chrome browser for $34.5 billion<\/a>. The offer came after the Justice Department, alleging that Google was acting anticompetitively, proposed that the company sell its web browser<\/a>. However, earlier this month, a federal judge ruled that Google will not have to break up<\/a> its search business, effectively allowing the search giant to keep Chrome.<\/p>\n<\/div>\n