Perplexity Plans 2028 IPO as Generative AI Startups Surge to Public Markets

According to CNBC on June 8, Perplexity CEO Aravind Srinivas announced the AI search startup plans to go public in 2028, regardless of how Anthropic or OpenAI proceed. The company's annualized revenue reached $500 million as of April 2026, up 335% year-over-year, with over 100 million monthly active users.

Perplexity's $20 billion valuation significantly trails Anthropic at approximately $965 billion and OpenAI at over $850 billion. The company leverages models from multiple providers, including Anthropic's latest advances, which Srinivas credited with driving threefold revenue growth since early 2026.