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Prezent , a startup empowering customers to build slide pack of cards using generative AI , has raised $ 20 million as it further break and refines its AI models for dissimilar use cases and expands into new markets .
AI has many dissimilar app — one of which is generating decks for clientele presentations , as it turns out . Off - the - ledge models incline to be not very respectable at this because they do n’t infer industriousness - specific language and jargon . That ’s where Prezent ’s technology comes in .
Los Altos - based Prezent , which has a subsidiary company in Bengaluru , was founded in 2021 by Rajat Mishra , who previously ferment at company including Cisco and McKinsey . Mishra says he sputter to overcome stuttering and speech balk at a young years , which force his pursuit in communicating tech .
“ The idea [ for Prezent ] was , would n’t it be cool if we could work up an AI platform that democratizes clientele communicating and makes everyone a great byplay communicator ? ” Mishra told TechCrunch in an audience .
Prezent ’s program has user upload their plus and documents , such as Excel files , PDFs , and links , and give Prezent ’s AI supporter , called Astrid , context about the company for which they ’re creating a presentation . exploiter can also admit team abbreviation and specific terminology , as well as additional preferences and necessary .
Prezent uses openly uncommitted AI simulation fine - tuned on proprietary data , including a dataset of 2 million lantern slide deck of cards , to power its platform , Mishra says . The startup also progress AI models for specific software , like recommending layouts user should utilize for special decks .
For companies on a crocked deadline who need a small human polish , Prezent offers an expedited service that turns draft documents into what the party describes as “ professional - grade ” presentations . The service use a compounding of AI and human referee , including consultants and designers , to overnight spiff up - up , finalized draft .
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Prezent claims to serve around 150 Fortune 2000 companies , and targets customer in the biopharma and tech industries . Mishra says that the new financial backing , an all - fairness investiture and an filename extension of Prezent’sApril 2022 Series A , will help Prezent go after potential clients in financial services and manufacturing and expand its operation to Europe , Japan , and Singapore .
Prezent already has several customer in Europe and is search to boom into Southeast Asia in Q2 of this year . Last year , the company generated over $ 10 million in annual recurring revenue , Mishra severalize TechCrunch .
Prezent also plan to establish APIs to allow developers to create presentations like a shot from chatbots , apps , search engine , and more using its models .
“ DeepSeek recently showed us that AI companies do n’t involve these massive funding rounds to make a prominent impact any longer , ” Mishra narrate TechCrunch , adding that Prezent presently has “ close to 200 ” employees , 75 % of whom work remotely and are based in India .
Prezent ’s latest investiture — which values Prezent at “ well over ” $ 100 million , allot to Mishra — was lead by Greycroft with involution from Zoom Ventures , Emergent Ventures , and WestWave . New investors True Global Ventures ( TGV ) , Manulife Ventures , and Alumni Ventures also joined the tranche .