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.
Market Opportunity
Sleepless AI Price(AI)
$0.0381
$0.0381$0.0381
USD
Sleepless AI (AI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
The Channel Factories We’ve Been Waiting For
The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush. Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs. Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
What is the Outlook for Digital Assets in 2026?
The post What is the Outlook for Digital Assets in 2026? appeared on BitcoinEthereumNews.com. The crypto market cap reached $4.3 trillion in 2025 as institutions
Share
BitcoinEthereumNews2025/12/25 03:23
Pudgy Penguins’ Non-Crypto Display Wraps Las Vegas Sphere, Potentially Elevating PENGU Brand Reach
The post Pudgy Penguins’ Non-Crypto Display Wraps Las Vegas Sphere, Potentially Elevating PENGU Brand Reach appeared on BitcoinEthereumNews.com. Pudgy Penguins,
Share
BitcoinEthereumNews2025/12/25 03:41