In a move signaling its commitment to enhancing corporate offerings, Perplexity, the AI-powered search engine, has acquired Read.cv, a professional social media platform. Announced via Read.cv’s blog post, the acquisition marks a pivotal chapter for the West Berkeley-based platform as it winds down its operations and transitions its user base.
This strategic acquisition aligns with Perplexity’s ongoing investment in corporate-focused functionality, as demonstrated by its launch of an enterprise plan last summer. The deal adds Read.cv to Perplexity’s growing portfolio, which already includes prior acquisitions of Carbon and Spellwise. With a reported valuation of $9 billion and over $500 million in raised capital, Perplexity is establishing itself as a formidable player in the professional and enterprise space.
Read.cv’s Legacy and Transition
Founded in 2021 by Andy Chung, a former product designer for Facebook, Mozilla, and Salesforce-owned Quip, Read.cv distinguished itself in the professional networking space. The platform offered tools for users to create resumes and network within industries, challenging established players like LinkedIn. Despite its small team of three employees and support from F7 Ventures and Fanjul Capital, Read.cv carved out a niche in the professional social media market.
A Growing Presence in the Enterprise Sector
Perplexity’s purchase of Read.cv is the latest in a string of moves to enhance its enterprise functionality. With a robust capital base and a focus on acquiring innovative companies, Perplexity is positioning itself as a leader in professional services.
While the specifics of the integration remain under wraps, this acquisition reflects Perplexity’s ambition to bridge the gap between AI-driven knowledge platforms and professional networking.
As Read.cv users transition to new solutions, the acquisition stands as a testament to the evolving landscape of professional networking and AI-driven enterprise tools.
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Reference
Tech Crunch – https://techcrunch.com/2025/01/17/perplexity-acquires-read-cv-a-social-media-platform-for-professionals/
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