Gamma Raises $68 Million to Scale AI-Powered Visual Storytelling Platform
Gamma hit a $2.1B valuation and $100M in ARR, following a $68M Series B led by Andreessen Horowitz
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Gamma, an AI startup known for automating the creation of presentations, websites, and social media content, has secured $68 million in Series B funding, bringing its valuation to $2.1 billion. The round was led by Andreessen Horowitz (a16z), with participation from Accel, Uncork Capital, and other existing investors.
Founded in 2020 by former consultant and investment banker Grant Lee, Gamma has become one of the fastest-growing AI platforms for visual storytelling. The company’s growth trajectory has been notable for its capital efficiency. With just about 50 employees, Gamma has raised roughly $90 million in total funding and reached $100 million in annual recurring revenue (ARR) — profitably.
In a post on X, Lee shared that the company now serves 70 million users, including over 600,000 paying subscribers. The startup’s latest funding round also included a $20 million secondary sale to provide liquidity for early employees, underscoring investor confidence in Gamma’s long-term trajectory.
Gamma’s measured fundraising strategy contrasts sharply with the hyper-funded model typical of AI startups. After an initial $12 million Series A led by Accel in 2024, the company opted to grow organically, refining its platform through customer feedback before integrating generative AI features in 2023, a move that accelerated adoption dramatically. Within nine months of launching its AI tools, Gamma added 10 million new users, marking a turning point for the company.
Lee describes Gamma’s mission as building “the language of business,” simplifying the way teams create and share ideas. The platform automates design-heavy tasks — what he calls “moving pixels” — so users can focus on substance rather than format.
The company plans to use its latest investment to expand its AI engineering team and scale internationally. Lee also indicated that Gamma may pursue strategic acquisitions of smaller competitors as the AI productivity market consolidates. Its success reflects a broader investor appetite for AI-driven productivity tools. According to PitchBook data, AI now accounts for nearly two-thirds of all venture funding deals in the US, fueling both rapid innovation and soaring valuations.
