Prezent, a new startup that’s changing the way companies design presentations, has raised a successful $20 million funding round to expand their existing generative AI technology. Rajat Mishra started this creative and disruptive company in 2021. It saves users more time creating slide decks by leveraging Petro AI’s leading-edge AI technology. Greycroft was joined by Zoom Ventures, Emergent Ventures and Greycroft in the latest investment. That funding boost has increased Prezent’s valuation to “well over” $100 million.
This funding will help Prezent fine-tune its AI models for bespoke use cases, as well as expand into new markets. The company has engaged those users into a highly responsive platform. They have the ability to upload assets including their Excel files, PDFs, and links while providing critical context about their organization. Prezent’s AI powered assistant Astrid is what fuels this ability. It gets you the tools to craft professional-grade presentations that meet your unique needs.
Prezent runs on widely available, open-source AI models. These models have been further trained on a proprietary dataset of 2 million existing slide decks. This technique improves the fluency and relevance of PPTX presentations produced with this feature, which has made it a popular option for corporate environments.
Today, Prezent counts about 150 Fortune 2000 companies as customers, with a focus on landing enterprise clients within the biopharma and technology verticals. Customer growth on the platform has been staggering, with their ARR — or annual recurring revenue — recently crossing $10 million annually.
Prezent has about 200 employees, the majority of whom are based in India and work remotely. This deep bench of talent combined with the aforementioned leadership stack the deck for amazing continued growth. The company has a wholly owned subsidiary in Bengaluru, cementing its footprint in India’s booming technology sector.
Rajat Mishra commented on the changing landscape of funding for AI companies:
“DeepSeek recently showed us that AI companies don’t need these massive funding rounds to make a big impact any longer.”
Now, Prezent is taking its go-to-market strategy a step further with the rollout of APIs. This would allow creators to generate presentations directly from chatbots, applications, search engines, and other tools—all fueled by its AI models. This new program seeks to increase access to Prezent’s innovative technology. It will provide users the tools to seamlessly craft engaging, professional grade presentations across devices.
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