Chatbot Perplexity’s strategic push into developing AI agents has helped its revenues soar 50% in the last month.
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According to a Financial Times report, the company’s Annual Recurring Revenue hit $450 million in March, helped by the launch of its new agentic tool Perplexity Computer and a shift towards usage-based pricing.
A Perplexity executive told the FT that customer retention had been strong but did not share any specific figures.
Perplexity Computer was launched in February with the company declaring that the tool can handle full projects from start to finish by using a group of AI models at the same time.
Perplexity said the system runs 19 models in parallel, with each one assigned a clear role. As CEO, Aravind Srinivas wrote, “One reasons, another codes, another writes.” He also said, “Perplexity Computer orchestrates 19 models.” In short, the product works like a manager that gives each AI model a task it does best.
AI Becomes the Computer
In addition, the system links to a file base, browser, and other tools. That means it can research, design, code, and deploy a project in one flow. The firm says the goal is to let AI run tasks in the cloud even while the user is offline. Srinivas framed it this way: “AI essentially becomes the Computer.”
As a result, Perplexity is moving past a search-style chatbot into more advanced, task-performing AI systems. Demand for these systems is rising among businesses and consumers.
The start-up has more than 100 million monthly active users from its search and agent tools, the FT said, including tens of thousands of enterprise clients. It makes money through consumer and enterprise subscriptions, with tiers ranging from $20 to $200 monthly.
With usage-based pricing, premium users are given a set number of credits and must pay extra if they exceed them.
Perplexity’s investors include Nvidia (NVDA) and SoftBank’s (SFTBY) Vision Fund 2. It was valued at $20 billion in September 2025.
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