Prezent raises $30 million to acquire AI services firms -- starting with founder's other company

TechCrunch
TechCrunch
2M ago
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Prezent has secured $30 million in funding to enhance its AI-powered presentation services, including the acquisition of Prezentium.
Prezent raises $30 million to acquire AI services firms -- starting with founder's other company
A What happened
Prezent, an AI-powered presentation startup based in Los Altos, California, has announced a $30 million funding round led by Multiplier Capital, Greycroft, and Nomura Strategic Ventures. This funding brings Prezent's total valuation to $400 million and will primarily be used for acquisitions, beginning with Prezentium, a company founded by Prezent's own Rajat Mishra. The acquisition aims to leverage Prezentium's existing client base in the life sciences sector to expand Prezent's offerings. The startup focuses on providing tailored AI tools for enterprise clients, particularly in life sciences and technology, and plans to enhance its product with features like multimodality capabilities and digital avatars. Prezent's strategy includes placing presentation engineers within client organizations to facilitate the adoption of AI tools.
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Key insights

  • 1

    Funding for AI Expansion: Prezent raises $30 million to enhance its AI services and acquire complementary firms.

  • 2

    Acquisition of Prezentium: The acquisition aims to integrate Prezentium's client base with Prezent's AI offerings.

  • 3

    Focus on Enterprise Clients: Prezent targets larger corporations, differentiating itself from consumer-focused competitors.

Takeaways

Prezent's strategic funding and acquisitions position it to enhance its AI-driven presentation solutions for enterprise clients.

Topics

Technology & Innovation Artificial Intelligence Business & Markets Startups/VC Health & Medicine Public Health Innovation