Image Credits:Getty Images <\/p>\n
Gamma, a startup\u00a0that\u00a0creates\u00a0AI-generated presentations,\u00a0websites,\u00a0and social media posts,\u00a0announced<\/a>\u00a0on Monday a\u00a0$68 million Series B round at a $2.1 billion valuation led by Andreessen Horowitz.<\/p>\n Co-founder\u00a0and CEO\u00a0Grant Lee\u00a0posted on X<\/a>\u00a0that the company\u00a0has\u00a0profitably hit\u00a0$100 million in ARR, with\u00a070 million users.\u00a0The startup\u00a0hit $50 million profitably in its first two\u00a0years, Lee\u00a0previously posted<\/a>.\u00a0Gamma last raised\u00a0a\u00a0$12 million\u00a0Series A\u00a0round\u00a0led by Accel<\/a>\u00a0in 2024.<\/p>\n Gamma\u00a0isn\u2019t\u00a0exactly a new-to-the-scene AI startup (at least by AI standards). It was\u00a0founded in late 2020,\u00a0according to\u00a0Lee\u2019s LinkedIn<\/a>, with its product first launching in 2022.<\/p>\n Its\u00a0more cautious raising trajectory (by AI standards) helped it\u00a0hit a double-unicorn valuation on a total fundraising of about $90 million. This was achieved with only about 50\u00a0employees, Lee\u00a0said.\u00a0And the round included a $20 million secondary offering that gave liquidity to early employees, the company tells TechCrunch. The latest round also included\u00a0participation from Accel and Uncork\u00a0Capital,\u00a0and its\u00a0other\u00a0backers\u00a0include<\/a>\u00a0South Park Commons, Hustle\u00a0Fund,\u00a0and others.<\/p>\n","protected":false},"excerpt":{"rendered":"Image Credits:Getty Images Gamma, a startup\u00a0that\u00a0creates\u00a0AI-generated presentations,\u00a0websites,\u00a0and social media posts,\u00a0announced\u00a0on Monday a\u00a0$68 million Series B round at a…\n","protected":false},"author":2,"featured_media":275205,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,4205,276,277,49,48,61],"class_list":["post-275204","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-andreessen-horowitz","tag-artificial-intelligence","tag-artificialintelligence","tag-ca","tag-canada","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/275204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=275204"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/275204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/275205"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=275204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=275204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=275204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}