Perplexity Revenue Jumps 50% to $450M ARR After Pivot to AI Agents — Launches 'Computer for Taxes' Agent
Perplexity AI crossed $450M in annualized recurring revenue this month — a 50% jump in a single month — and the company is pointing directly at its pivot to AI agent products as the driver. The growth story is a case study in what happens when an AI company stops selling subscriptions and starts selling outcomes. From Search to Agents: The Pivot That Worked Perplexity launched in 2022 as an AI-powered search engine — a cleaner, more direct alternative to traditional search with citations. It built a loyal user base, but the subscription model had limits. Users were paying for access to a tool, not for the completion of a task. ...