The recent funding, an extension of Prezent’s April 2022 Series A, values the company at over $100 million and was led by Greycroft with participation from several other investors. Prezent plans to launch APIs for developers to create presentations from various platforms. The company generated over $10 million in annual recurring revenue last year and employs nearly 200 people, mostly based in India. Mishra highlights that significant impact can be achieved without massive funding, inspired by companies like DeepSeek.
Key takeaways:
- Prezent, a startup focused on AI-generated slide decks, raised $20 million to enhance its AI models and expand into new markets.
- The platform uses fine-tuned AI models on proprietary data to create business presentations, with an AI assistant named Astrid providing suggestions.
- Prezent serves around 150 Fortune 2000 companies, targeting biopharma and tech industries, and plans to expand into financial services and manufacturing.
- The recent funding round, led by Greycroft, values Prezent at over $100 million and supports expansion into Europe, Japan, and Singapore.