Hajra Naz
Gamma, an AI startup that creates AI-generated presentations, websites, and social media posts, announced a $68 million Series B round on Monday. The round values the company at $2.1 billion and was led by Andreessen Horowitz.
Co-founder and CEO Grant Lee shared on X that Gamma has profitably reached $100 million in ARR. The startup also serves 70 million users. Previously, the company hit $50 million profitably in its first two years.
Gamma last raised $12 million in Series A in 2024, led by Accel.
Founded in late 2020, Gamma officially launched its AI product suite in 2022. While not brand new to AI, the startup’s cautious fundraising approach helped it reach a double-unicorn valuation with only $90 million in total funding.
The company achieved this growth with about 50 employees. The Series B also included a $20 million secondary offering to give liquidity to early employees.
Other participants in the round include Accel, Uncork Capital, South Park Commons, and Hustle Fund.
Gamma continues to grow as a leading AI productivity tool for creating presentations, websites, and content efficiently.
FAQs
1. What is Gamma?
Gamma is an AI startup that generates presentations, websites, and social media posts automatically.
2. How much funding has Gamma raised?
Gamma raised $68 million in Series B and $12 million in Series A, totaling about $90 million.
3. What is Gamma’s valuation and ARR?
The company is valued at $2.1 billion and has reached $100 million in annual recurring revenue (ARR).
4. How many users does Gamma have?
Gamma currently serves around 70 million users.
5. Who are Gamma’s investors?
Major investors include Andreessen Horowitz, Accel, Uncork Capital, South Park Commons, and Hustle Fund.
