AI presentation and content-generation platform Gamma has announced a $68 million Series B funding round led by Andreessen Horowitz, valuing the company at $2.1 billion. The startup, which specializes in creating AI-generated presentations, websites, and social media content, said the new funding includes a $20 million secondary offering to provide liquidity for early employees. Existing investors such as Accel and Uncork Capital also participated in the round.
Gamma’s co-founder and CEO, Grant Lee, revealed on X (formerly Twitter) that the company has profitably achieved $100 million in annual recurring revenue (ARR) and serves 70 million users globally. The milestone comes just a year after Gamma raised $12 million in its Series A round led by Accel in 2024. Lee previously noted that Gamma reached $50 million in revenue within its first two years of operation, also while remaining profitable.
Founded in late 2020, Gamma launched its first product in 2022 and has since gained rapid traction in the AI productivity space. Unlike many of its AI peers that have pursued aggressive fundraising strategies, Gamma adopted a measured growth path, raising a total of about $90 million while maintaining profitability. The startup’s lean structure—with only about 50 employees—has been credited for its operational efficiency and disciplined scaling approach.
The company’s ability to reach a double-unicorn valuation with modest funding highlights investor confidence in its sustainable growth model. Gamma plans to use the new capital to enhance its product capabilities, expand enterprise adoption, and scale its global user base. With strong backing from major venture firms, Gamma is positioning itself as a key player in the evolving landscape of AI-driven productivity tools