Business Insider reported on July 7, 2026 that Perplexity has built an internal AI coding tool codenamed Teammate, which company engineers have reportedly used since May. Teammate is designed for long-horizon engineering work such as owning projects, investigating issues, and monitoring services, and it is described as model-agnostic. The report says Perplexity declined to comment, so launch timing, pricing, model backends, and security controls remain unconfirmed despite the company's reported $20 billion valuation context.