News Summary

Prezent, a startup based in Los Altos with a subsidiary in Bengaluru, has raised $20 million to further develop its AI-powered presentation platform. Founded in 2021 by Rajat Mishra, Prezent aims to democratize business communication through its platform, which allows users to create slide decks using generative AI. The platform utilizes openly available AI models fine-tuned with proprietary data, including a dataset of 2 million slide decks, to assist in creating industry-specific presentations. The company serves around 150 Fortune 2000 companies, particularly in the biopharma and tech sectors, and plans to expand into financial services and manufacturing with the new funding. Prezent also intends to launch APIs to enable developers to generate presentations from various applications. The recent investment, which values Prezent at over $100 million, was led by Greycroft with participation from Zoom Ventures, Emergent Ventures, and several new investors.