These tech investors are trawling UC Berkeley to fund the next Perplexity or Databricks

The House Fund

In the last year, tech investors have plowed tens of millions of dollars into Perplexity, the developer of a search engine built from scratch with artificial intelligence. The two-year-old startup takes in cash like oxygen, having raised back-to-back funding rounds just months apart, and is said to be in talks to raise a fourth round that would value the startup at $8 billion.