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Perplexity CEO denies having financial issues, says no IPO before 2028
In a recent Reddit post, Perplexity CEO Aravind Srinivas has spoken out to address concerns about the company’s financial stability. According to Srinivas, Perplexity is not facing any serious financial pressure and has no plans for an initial public offering (IPO) until at least 2028.
The statement comes in response to a theory circulating among users that the company is struggling financially and making changes to cut costs. In particular, some have pointed to the introduction of Auto mode on Perplexity’s AI search engine as evidence of financial difficulties. However, Srinivas has vehemently denied these claims, stating that the change was actually made to improve the user experience by reducing clutter and unnecessary complexity.
“We created Auto mode because all AI products right now are shipping non-stop and adding a ton of buttons and dropdown menus and clutter,” Srinivas explained. “The user shouldn’t have to learn so much to use a product.”
When questioned about Perplexity’s financial situation, Srinivas provided a clear reassurance: the company has secured sufficient funding and its revenue is growing steadily. As such, there are no plans for an IPO before 2028.
Srinivas’ statement is likely to put to rest concerns among users and investors alike regarding Perplexity’s financial stability.
Source: https://techcrunch.com/2025/03/30/perplexity-ceo-denies-having-financial-issues-says-no-ipo-before-2028/
