San Francisco – Perplexity AI has launched its new "Perplexity Labs" tool, designed to streamline complex project creation for users, a development that coincides with the company's recent $500 million funding round and a $14 billion valuation. The new feature, which allows users to generate reports, spreadsheets, dashboards, and simple web applications, is already seeing adoption, with one user stating on social media, > "May as well kick off a little @perplexity_ai Labs project before I go to bed while I’m at it."
Perplexity Labs is positioned as an AI-powered project engine, capable of performing extensive self-supervised work using tools like deep web browsing, code execution, and chart and image creation. The company claims Labs can condense tasks that would typically take days into mere minutes, transforming user ideas into tangible outputs. This functionality extends beyond simple question answering, offering a more structured, multi-step workflow for Pro subscribers.
Founded in 2022, Perplexity AI has rapidly grown, processing approximately 780 million queries in May 2025 alone, reflecting over 20% month-over-month growth. The company secured a significant $500 million funding round in June 2025, elevating its valuation to $14 billion with investments from figures like Jeff Bezos and Nvidia. This substantial backing underscores investor confidence in Perplexity's innovative approach to information retrieval and AI-driven productivity.
The introduction of Labs signifies Perplexity's strategic expansion beyond its core answer engine, moving towards more comprehensive project-based solutions. While its traditional search focuses on concise answers and the "Research" mode offers in-depth synthesis, Labs is tailored for users requiring finished deliverables. This strategic move aims to solidify Perplexity's position in the competitive AI landscape, even as it navigates ongoing legal challenges related to copyright and content scraping.