Perplexity’s most recent priced valuation stands at approximately $20 billion from its 2025 Series E round, with secondary-market indications near $19.8–22 billion as of early October 2026. Annualized revenue has climbed to roughly $750 million, driven by the February 2026 launch of its Computer AI agent and a shift to usage-based pricing atop subscriptions. Reports on October 2 detail an ongoing $4.5 billion funding round at a $30 billion valuation led by a $3 billion Nvidia commitment, which—if confirmed—would mark the primary catalyst for any near-term valuation jump ahead of the October 31 resolution. Market-implied odds will hinge on whether this round closes and at what post-money level before month-end.