Perplexity, a leading AI-native search company, has secured $62.7 million in its fourth funding round, elevating its valuation to $1.04 billion. Notable investors include Daniel Gross, Andrej Karpathy, and Jeff Bezos. Perplexity distinguishes itself by providing narrative answers with linked citations, catering to a loyal user base. With revenue primarily from subscriptions to its Pro service, leveraging OpenAI's GPT-4, its future lies in surpassing Google's AI-native Search Generative Experience, especially in commercial searches.