The Article Tells The Story of:
- AI search engine Perplexity AI’s acquires Read.cv, a LinkedIn rival for professionals.
- Read.cv will shut down operations, allowing data exports until May 16.
- Perplexity plans for Read.cv’s features remain unclear but could support its enterprise strategy.
Perplexity AI Buys LinkedIn Competitor Read.cv
Perplexity AI, an AI-powered search engine, has acquired Read.cv, a professional social media platform that challenged LinkedIn. The acquisition will result in Read.cv winding down operations, with users able to export their profiles, posts, and messages until May 16.
Read.cv announced the acquisition in a blog post, expressing admiration for Perplexity’s mission to make knowledge more accessible. The platform’s team will join Perplexity to work on projects that align with this shared goal.
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Features Lost and Future Uncertainties
Read.cv, founded in 2021 by former Facebook and Mozilla product designer Andy Chung, allowed professionals to share resumes, chat with peers, and explore job opportunities. It also supported organizations by providing tools for team profiles, job postings, and candidate searches.
Recently, Read.cv launched Sites, enabling users to create personal websites using their profiles. These websites could include a “.cv” domain, which users will now migrate to Hello.cv starting January 31.
Perplexity has not shared its exact plans for Read.cv’s features. However, it has been expanding its enterprise capabilities, including internal knowledge search and corporate user management. These additions suggest the acquisition could bolster Perplexity’s offerings for business users.
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Acquisition Strategy and Funding Context
This acquisition is part of Perplexity’s broader strategy to enhance its AI-powered tools. In addition to Read.cv, Perplexity previously acquired Carbon, a company specializing in connecting AI systems to external data, and Spellwise, whose technology improved Perplexity’s mobile app.
Backed by over $500 million in funding from major investors like Institutional Venture Partners, Perplexity is valued at $9 billion. Its acquisitions may reflect investor pressure to drive returns by integrating new features and expanding its user base.
Key Dates and Transition Details
Read.cv will officially cease operations, with user data exports available until May 16. Starting January 31, “.cv” domain management will move to Hello.cv. Perplexity integration of Read.cv’s capabilities is expected to shape its future offerings, but specifics remain unknown.
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