Gamma, the AI-powered presentation and content creation startup often dubbed a “PowerPoint killer,” announced a $68 million Series B round at a $2.1 billion valuation, led by Andreessen Horowitz. Official source: Yahoo Finance.

• Revenue & scale: Co-founder and CEO Grant Lee said Gamma reached $100 million ARR with 70 million users, turning profitable within its first two years.
• Growth journey: The startup hit $50 million ARR in 2024, having earlier raised a $12M Series A led by Accel.
• Efficiency: Gamma’s lean structure—just ~50 employees—helped it achieve a double-unicorn valuation on a total raise of under $90M.
• Round details: The Series B includes a $20M secondary component to give liquidity to early employees, with participation from Accel, Uncork Capital, South Park Commons, and Hustle Fund.
• Timeline: Founded in 2020, Gamma launched its first product in 2022, focusing on AI-generated presentations, websites, and social media posts.

Why it matters: Gamma’s rise signals a new phase of profitable, capital-efficient AI startups—proving that “AI-first” productivity tools can achieve unicorn scale without massive teams or burn rates. It also cements the shift toward AI-native creation platforms replacing legacy tools like PowerPoint and Canva.