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Gamma Raises $68 Million at $2.1 Billion Valuation for AI Visual Storytelling Platform

Backed by Andreessen Horowitz, the product-led company reports profitability with about 70 million users and more than $100 million in annual recurring revenue.

Overview

  • Andreessen Horowitz led the Series B with participation from Accel and Uncork Capital, and the round included a $20 million secondary for early employees, bringing total funding to roughly $90 million.
  • The company plans to invest the new capital in engineering and product expansion following the release of Gamma 3.0, which adds built-in AI design agents, smart layouts, and collaborative workspaces.
  • Gamma reports more than 400 million assets created on its platform with over one million new items generated daily as it positions itself as an alternative to legacy slideware.
  • Enterprise customers say the tool has replaced PowerPoint in daily workflows, with one cited client reporting at least 50,000 hours saved annually through faster, brand-consistent content creation.
  • Operating with a lean team of around 50 people and just $23 million in earlier funding, Gamma has remained profitable for over two years through organic, bottom-up adoption and integrations including Zapier and Make.