PANews reported on November 11 that Gamma, a developer of AI presentation tools, has completed a $68 million Series B funding round, valuing the company at $2.1 billion. The round was led by Andreessen Horowitz (a16z), with participation from Accel, Uncork Capital, Script Capital, and South Park Commons. The company uses AI technology to automatically convert text into presentations and social media content, and has already accumulated 70 million users, including over 600,000 paying users, with annual revenue of approximately $100 million. Gamma has been profitable since 2023, with only 52 full-time employees. Its $12 million funding round in 2024 remains untouched, demonstrating its efficient operations. The new funds will be used to expand enterprise services (latest enterprise account pricing is $480/person/year), recruit AI engineers, and develop international business. Founder Grant Lee stated that Gamma aims to challenge the traditional presentation tool market, including PowerPoint and Google Slides, and is considering acquiring competitors that haven't achieved product-market fit.PANews reported on November 11 that Gamma, a developer of AI presentation tools, has completed a $68 million Series B funding round, valuing the company at $2.1 billion. The round was led by Andreessen Horowitz (a16z), with participation from Accel, Uncork Capital, Script Capital, and South Park Commons. The company uses AI technology to automatically convert text into presentations and social media content, and has already accumulated 70 million users, including over 600,000 paying users, with annual revenue of approximately $100 million. Gamma has been profitable since 2023, with only 52 full-time employees. Its $12 million funding round in 2024 remains untouched, demonstrating its efficient operations. The new funds will be used to expand enterprise services (latest enterprise account pricing is $480/person/year), recruit AI engineers, and develop international business. Founder Grant Lee stated that Gamma aims to challenge the traditional presentation tool market, including PowerPoint and Google Slides, and is considering acquiring competitors that haven't achieved product-market fit.
AI presentation tool developer Gamma has completed a $68 million Series B funding round led by a16z, valuing the company at $2.1 billion.
PANews reported on November 11 that Gamma, a developer of AI presentation tools, has completed a $68 million Series B funding round, valuing the company at $2.1 billion. The round was led by Andreessen Horowitz (a16z), with participation from Accel, Uncork Capital, Script Capital, and South Park Commons. The company uses AI technology to automatically convert text into presentations and social media content, and has already accumulated 70 million users, including over 600,000 paying users, with annual revenue of approximately $100 million.
Gamma has been profitable since 2023, with only 52 full-time employees. Its $12 million funding round in 2024 remains untouched, demonstrating its efficient operations. The new funds will be used to expand enterprise services (latest enterprise account pricing is $480/person/year), recruit AI engineers, and develop international business. Founder Grant Lee stated that Gamma aims to challenge the traditional presentation tool market, including PowerPoint and Google Slides, and is considering acquiring competitors that haven't achieved product-market fit.
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