Perplexity’s ARR topped $450M in March after jumping 50% in a single month, according to figures seen by the Financial Times, as the company’s shift from chatbot-style search toward AI agents that complete tasks on users’ behalf begins to show financial results. The company now has more than 100 million monthly active users across its search and agent tools, including tens of thousands of enterprise clients paying between $20 and $200 per month for subscriptions. Perplexity’s growth still trails other leading AI startups, with coding tool Cursor reaching $2B in ARR, Anthropic reporting $19B at the end of February, and OpenAI generating $20B last year.
