# Despite rapid expansion and a $20 billion valuation, it still trails larger rivals like Open.

*fintech · news · 2026-04-08 · The Economic Times*

## Key points

- Perplexity's annual recurring revenue surpassed $450 million in March after a 50% monthly jump.
- The company has shifted from a chatbot search engine to focusing on AI agents and agentic tools.
- Perplexity launched Comet, an AI-powered browser, and Computer, an agent product, in 2024.
- A new usage-based pricing model gives premium users credits and charges extra for overages.
- Despite rapid growth, Perplexity's scale remains well below rivals like OpenAI and Anthropic.

**Companies:** Perplexity

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/artificial-intelligence/perplexitys-revenue-has-shot-up-50-in-one-month-amid-shift-in-focus-to-ai-agents-ft/articleshow/130107855.cms)

---

Canonical: https://newsio.io/n/331fc258-7958-4265-baa0-29b509ae7233/despite-rapid-expansion-and-a-20-billion-valuation-it-still-trails-larger-rivals
Summarized by Newsio from The Economic Times. https://newsio.io/how-it-works