Perplexity AI's latest, large fundraising event could be quickly superseded by another, even larger chunk of capital, TechCrunch reports. Quick revenue growth at the company that has reportedly reached around $20 million worth of annual recurring revenue. Sure at $1 billion that's a 50x revenue multiple, but if the company is on a quick enough growth pace, investors paying up to 150x for its current ARR might not be as insane as it looks on paper, even if similarly priced bets back in the 2021-era often struggled.