en.wikipedia.org/wiki/Daniel_Gross_(businessman)
2 corrections found
In 2024, Gross led a founding round in Perplexity AI, an AI search company.
Gross did lead a 2024 Perplexity financing, but it was not a "founding round." Perplexity had already been founded in 2022 and had raised earlier rounds before Gross’s 2024 investment.
Full reasoning
This statement mixes up a funding round with a founding round.
Perplexity was already an existing company before Daniel Gross’s 2024 investment:
- TechCrunch reported on January 4, 2024 that Perplexity had raised $73.6 million in a round led by IVP, and noted that the company had "only been around since August 2022."
- Latham & Watkins, counsel on Perplexity’s April 2024 deal, said Perplexity "has raised US$62.7 [million] in a Series B funding round" led by Daniel Gross, and also noted that this followed earlier Series A and Series B financings.
- TechCrunch separately reported on April 23, 2024 that Daniel Gross led a March 2024 round for Perplexity after the company had already raised money in January.
So the accurate description is that Gross led a 2024 funding round (described by sources as a Series B / later financing), not a founding round.
3 sources
- Latham & Watkins Advises Perplexity AI in US$62.7 Million Series B Funding Round
Perplexity... announced it has raised US$62.7 [million] in a Series B funding round... The new investment was led by Daniel Gross... This deal follows Latham's representation of Perplexity in its Series A and Series B financings...
- AI-powered search engine Perplexity AI, now valued at $520M, raises $73.6M | TechCrunch
Perplexity AI... announced that it raised $73.6 million in a funding round led by IVP... considering that Perplexity's only been around since August 2022...
- Perplexity is raising $250M+ at a $2.5B-$3B valuation for its AI search platform, sources say | TechCrunch
In January, the company raised nearly $74 million... And at the beginning of March, the company closed funding on a valuation of $1 billion... A newer backer, Daniel Gross, led the $56 million round from March...
Gross and Friedman invested $3.9 million in the AI company Pulse in February 2025.
Pulse announced a $3.9 million seed round led by Gross and Friedman, not a $3.9 million investment solely from the two of them. The total round included several other investors.
Full reasoning
This overstates Gross and Friedman’s individual investment.
Pulse’s own funding announcement says the company raised a $3.9 million seed round led by Nat Friedman and Daniel Gross (NFDG). The same announcement explicitly adds that the round also included participation from Y Combinator, Sequoia Capital Scout, Soma Capital, Liquid 2 Ventures, Olive Tree Capital, Tiferes, and executives from NVIDIA, OpenAI, and Ramp.
So the correct description is that Gross and Friedman led Pulse’s $3.9 million round; the available source does not support the claim that they alone invested the full $3.9 million.
2 sources
- Announcing our $3.9M Seed Round | Pulse AI
Today, we're thrilled to announce our $3.9M seed round led by Nat Friedman and Daniel Gross (NFDG). Our round also includes participation from Y Combinator, Sequoia Capital Scout, Soma Capital, Liquid 2 Ventures, Olive Tree Capital, Tiferes, and execs from NVIDIA, OpenAI and Ramp.
- Pulse AI Stock Price, Funding, Valuation, Revenue & Financial Statements
Pulse AI's latest funding round was a Seed for $3.9M on February 19, 2025... Investors: Daniel Gross, Nat Friedman, Liquid 2 Ventures, Olive Tree Capital, Sequoia Scout, Soma Capital, Tiferes Ventures, Undisclosed Angel Investors, and Y Combinator.