Gamma, an AI-powered startup that generates presentations, websites, and social media content, has reached a $2.1 billion valuation and $100 million in annual recurring revenue. The company secured a $68 million Series B round led by Andreessen Horowitz. Co-founder and CEO Grant Lee shared that Gamma has 70 million users and has been profitable since its early stages. Lee previously mentioned that the company achieved $50 million in profit within its first two years. This growth was achieved with a relatively small team of about 50 employees. This article is worth reading because it highlights the rapid success of an AI startup in the competitive tech space. Readers will learn how Gamma scaled efficiently and achieved a high valuation with limited resources.
Key facts
- Gamma has reached a $2.1 billion valuation and achieved $100 million in annual recurring revenue.
- The company secured a $68 million Series B round led by Andreessen Horowitz.
- Gamma has 70 million users and has been profitable since its early stages.
- The startup achieved $50 million in profit within its first two years.
- Gamma reached a double-unicorn valuation with a total fundraising of about $90 million and a team of about 50 employees.
