03:30 PM EDT, 05/12/2025 (MT Newswires) -- (Updates with Nvidia ( NVDA ) declines to comment in the last paragraph.)

Nvidia ( NVDA ) -backed Perplexity is in talks with investors for a funding round expected to total $500 million that would value the company at around $14 billion, The Wall Street Journal reported Monday, citing people close to the matter.

The planned funding round is expected to be led by venture capital firm Accel. Perplexity, which provides an AI-powered search tool, was valued at $9 billion in November, the report said.

Pursuant to the round, Accel's partner, Sameer Gandhi, would be appointed to Perplexity's board, the report said.

Nvidia ( NVDA ) declined to comment to MT Newswires. Perplexity and Accel didn't respond to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 122.62, Change: +5.97, Percent Change: +5.12