In a funding environment where AI startups often chase lofty valuations without matching revenue, Gamma is doing the opposite—quietly building one of the most profitable, fastest-growing businesses in enterprise AI.
The AI-powered visual storytelling platform announced a $68 million Series B round led by Andreessen Horowitz (a16z), with participation from Accel, Uncork Capital, and others, at a $2.1 billion valuation. The round also includes a secondary component to provide liquidity for early employees—a rare move that underscores the company’s belief that “success should be shared by the people who built it.”
Gamma also revealed a major milestone: it has surpassed $100 million in annual recurring revenue (ARR), all while maintaining profitability for more than two years—a feat almost unheard of among AI unicorns.
From PowerPoint Killer to Storytelling Engine
Founded with the mission to make visual communication effortless, Gamma started as a sleek, AI-powered alternative to PowerPoint. It’s since evolved into a complete visual storytelling platform used by more than 70 million people worldwide, generating over 400 million presentations, websites, and interactive documents to date.
Its latest release, Gamma 3.0, takes the concept even further with a built-in AI design agent that can transform a rough outline, Google Doc, or link into a polished, branded presentation in minutes. The company claims more than 1 million pieces of content are created daily on the platform.
The software’s AI-native interface uses smart layouts and contextual design intelligence to eliminate the tedium of formatting slides, while its collaborative workspace helps teams work seamlessly across content types—presentations, microsites, and interactive docs included.
“We retired PowerPoint,” said Jaspar Eyears, CEO of Another Company, Latin America’s largest independent PR and marketing agency. “Every document now runs through Gamma. We’re saving at least 50,000 hours a year and producing hundreds of brand-consistent decks daily.”
Efficiency by Design
Gamma’s business model and growth trajectory stand out in the current AI landscape. While peers like Canva, Tome, and Beautiful.ai focus on creative generation at scale, Gamma’s approach has been almost contrarian: profitability before blitzscaling.
With only $23 million raised prior to this round and a team of just 50 employees, the company reached $100 million in ARR—an efficiency ratio that would make most SaaS founders weep.
“At a16z, we’ve been using Gamma internally for everything from market maps to social media posts,” said Sarah Wang, General Partner at Andreessen Horowitz. “It has fundamentally changed how we communicate.”
That internal validation likely helped seal the deal for a16z’s investment. The firm has made big bets on generative AI across content creation and productivity tools, but Gamma’s blend of design automation, scalability, and adoption across enterprises, educators, and startups makes it one of the more commercially mature plays in the space.
The Future of Visual Communication
According to CEO and co-founder Grant Lee, Gamma’s broader mission is to “level the playing field” in storytelling.
“Everyone has ideas worth sharing, but not everyone has the design skills or time to make them compelling,” Lee said. “Gamma’s AI does the heavy lifting—this is the future of business storytelling.”
The company’s technology is part of a larger trend in AI-driven productivity tools—turning creation from a blank canvas problem into an iterative, conversational process. Gamma’s AI doesn’t just build slides; it anticipates structure, refines tone, and ensures brand consistency across documents.
Competitors like Notion AI, Canva Docs, and Tome are inching toward similar integrations, but Gamma’s unified storytelling model—spanning presentations, webpages, and interactive media—positions it as a front-runner in what analysts are calling the “AI communication layer.”
What’s Next
With $68 million in fresh funding and a 2.1B valuation, Gamma plans to accelerate product development and expand its lean team to meet global demand. The company says it will double down on AI design features, enhance real-time collaboration, and build deeper integrations with enterprise tools.
If Gamma stays its course, it could define the post-slide era of communication—where teams no longer “make decks” but converse with AI to tell better stories.
And if that future sounds a little too polished, consider this: for millions of workers, Gamma has already made the “new PowerPoint” a reality.
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