Prezent, a startup empowering consumers to construct slide decks the use of generative AI, has raised $20 million because it additional develops and refines its AI fashions for various use instances and expands into new markets.
AI has many alternative programs — one in every of which is producing decks for trade shows, because it seems. Off-the-shelf fashions have a tendency to be no longer superb at this as a result of they don’t perceive industry-specific language and jargon. That’s the place Prezent’s era is available in.
Los Altos-based Prezent, which has a subsidiary in Bengaluru, used to be based in 2021 by means of Rajat Mishra, who in the past labored at firms together with Cisco and McKinsey. Mishra says he struggled to conquer stuttering and speech impediments at a tender age, which drove his passion in communique tech.
“The speculation [for Prezent] used to be, wouldn’t or not it’s cool if shall we construct an AI platform that democratizes trade communique and makes everybody a super trade communicator?” Mishra informed techmim in an interview.
Prezent’s platform has customers add their property and paperwork, corresponding to Excel recordsdata, PDFs, and hyperlinks, and provides Prezent’s AI assistant, known as Astrid, context concerning the corporate for which they’re making a presentation. Customers too can come with staff abbreviations and particular terminology, in addition to further personal tastes and necessities.
Prezent makes use of overtly to be had AI fashions fine-tuned on proprietary information, together with a dataset of two million slide decks, to energy its platform, Mishra says. The startup additionally builds AI fashions for particular programs, like recommending layouts customers must use for specific decks.
For firms on a decent closing date who need slightly human polish, Prezent provides an expedited provider that turns draft paperwork into what the corporate describes as “professional-grade” shows. The provider employs a mixture of AI and human reviewers, together with specialists and architects, to in a single day spruced-up, finalized drafts.
Prezent claims to serve round 150 Fortune 2000 firms, and objectives consumers within the biopharma and tech industries. Mishra says that the brand new investment, an all-equity funding and an extension of Prezent’s April 2022 Collection A, will lend a hand Prezent pass after possible purchasers in monetary services and products and production and amplify its operations to Europe, Japan, and Singapore.
Prezent already has a number of consumers in Europe and is having a look to amplify into Southeast Asia in Q2 of this yr. Remaining yr, the corporate generated over $10 million in annual habitual earnings, Mishra informed techmim.
Prezent additionally plans to release APIs to permit builders to create shows without delay from chatbots, apps, serps, and extra the use of its fashions.
“DeepSeek not too long ago confirmed us that AI firms don’t want those large investment rounds to make a large affect any further,” Mishra informed techmim, including that Prezent lately has “as regards to 200” staff, 75% of whom paintings remotely and are founded in India.
Prezent’s newest funding — which values Prezent at “neatly over” $100 million, in keeping with Mishra — used to be led by means of Greycroft with participation from Zoom Ventures, Emergent Ventures, and WestWave. New traders True International Ventures (TGV), Manulife Ventures, and Alumni Ventures additionally joined the tranche.
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