On April 23, 2024, Perplexity AI, Inc. closed the transaction. The company received roughly $63 million total gross proceeds in the transaction. The transaction was led by new investor Daniel Gross, with participation from new investors Stanley Druckenmiller, Garry Tan, Dylan Field, and several returning investors including Jeff Bezos, and NVIDIA Corporation.

The round is raised at post money valuation of more than $1,000 million.