Gamma Secures $68 Million Series B at $2.1 Billion Valuation

Gamma announced a $68 million Series B funding round, valuing the AI presentation platform at $2.1 billion. Andreessen Horowitz led the round, with participation from Accel and Uncork Capital.

The San Francisco-based startup surpassed $100 million in annual recurring revenue while maintaining profitability for over two years. Gamma’s 70 million global users have created more than 400 million presentations, websites, and other assets on the platform, generating over 1 million pieces of content daily.

“Gamma is solving a universal problem—everyone has ideas worth sharing, but not everyone has the time or design skills to make them compelling,” said Grant Lee, CEO and co-founder of Gamma.

The company achieved these metrics with just 50 employees, having raised only $23 million in initial funding before this Series B. Total capital raised now stands at approximately $91 million.

Platform Expansion and AI Integration

Launched in 2020, Gamma initially positioned itself as a modern alternative to Microsoft PowerPoint. The platform gained significant momentum after integrating generative AI capabilities in March 2023, which enabled users to transform rough concepts, documents, and web links into fully designed presentations within minutes.

The latest release, Gamma 3.0, features built-in AI design agents, smart layouts, and collaborative workspaces. The technology aims to streamline content production for business users and marketing teams who need professional-quality output without specialized design skills.

The company’s approach differs from competitors by focusing on content-first creation rather than design-centric tools. This strategy has resonated with freelancers, small businesses, and enterprise users seeking to accelerate their presentation workflows.

Funding Allocation and Market Position

The Series B round includes a secondary offering that provides liquidity to early employees. Gamma will direct the new capital toward accelerating product development and expanding its team to meet growing demand.

The funding follows a disciplined approach to fundraising that prioritized profitability over aggressive cash burn. After raising a $12 million Series A led by Accel in May 2024, the company focused on building sustainable unit economics—a contrast to many AI startups that have struggled with revenue generation despite large funding rounds.

Gamma’s seed round in October 2021 included $7 million from Accel and Afore Capital, with angel participation from founders of Airtable, Patreon, Segment, and Honey, plus notable investors including Zoom CEO Eric Yuan.

The platform competes in a growing market for AI-powered collaboration tools, targeting users who need rapid content creation without extensive technical expertise. The company’s ability to scale to nine-figure ARR while maintaining a lean team structure positions it among the most efficient operators in the enterprise AI sector.