Amazon and Banks Lock Out AI Agents
Amazon blocked Meta's Muse agent, JPMorgan, Citi and Bank of America shut out outside agents, and the web agents were promised keeps shrinking.
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At a glance
Perplexity builds AI-powered search and research products. Coverage follows its answer engine, research tools and Comet browser.
- Focus
- AI search; research; Comet
- Reference
- Perplexity
Reviewed 19 October 2026. Dates retain the precision of the source; retrospective disclosures are identified in the event. Private-company ARR and financing reports are labelled as reported. Search usage is not used to estimate revenue.
Company milestones
Revenue, funding, product launches and major company events, newest first. Expand the earlier milestones for more history.
Reported ARR exceeds $450M in March
A Financial Times report, covered by Yahoo Finance, describes more than a doubling within a quarter after product and pricing changes. This is reported ARR.
Source: Yahoo Finance / Financial TimesIntroduces Perplexity Computer
The product combines research and task execution, extending Perplexity beyond its answer engine and browser.
Source: Perplexity
Show earlier milestonesHide earlier milestones2025–2022 · 7 milestones
Earlier revenue, financing and company milestones.
Reported $200M financing commitments at $20B valuation
Reuters, citing The Information, reports investor commitments. The statement is attributed and not described as independently confirmed closed proceeds.
Source: ReutersLaunches Comet
The browser adds an assistant for tasks across web pages, initially through paid access and invitations.
Source: PerplexityLaunches Perplexity Labs
Subscribers gain tools for turning research into projects such as reports, spreadsheets and dashboards.
Source: PerplexityReported ARR reaches about $200M
A later report tracing the company’s business model dates the approximately $200M recurring-revenue level to late 2025.
Source: Tom’s Guide / Financial TimesRaises $73.6M Series B
The IVP-led round supports the answer engine’s expansion, with NVIDIA and other technology investors participating.
Source: PerplexityRaises $25.6M Series A and launches its mobile app
The financing supports its conversational answer engine, following an earlier $3.1M seed round.
Source: PerplexityPerplexity is founded
The company begins developing an AI-powered answer engine that combines conversational responses with source citations.
Source: Perplexity company profile
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