Prezent, the Los Altos-based startup developing AI-powered enterprise presentation tools, has raised $30 million in a new funding round led by Multiplier Capital, Greycroft, and Nomura Strategic Ventures, with participation from existing investors Emergent Ventures, WestWave Capital, and Alumni Ventures.
The new round brings Prezent’s total fundraising to over $74 million and pushes its valuation to $400 million.
The startup, founded by former McKinsey executive Rajat Mishra, plans to use the capital primarily for acquisitions. The company’s first move in that direction is its purchase of Prezentium, a presentation services company focused on life sciences clients. The deal effectively brings Mishra’s two ventures under one roof, as he had previously co-founded Prezentium and served as its non-operating president.
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Prezent and Prezentium already had an existing partnership, with Prezentium serving as a go-to-market partner for the AI startup. Now, the acquisition gives Prezent direct access to an established enterprise customer base, enabling it to deliver its AI suite to a wider network of clients.
Mishra told TechCrunch the merger will allow Prezent to accelerate its mission of transforming business communication with AI.
“There are plenty of tools that are trying to make presentations pretty. We want to provide the best tools for business communications. Presentation is one of the frontiers in business that’s still not automated. We want to help data scientists and designers communicate effectively through automation,” he said.
The company is taking a specialized approach to AI development, training its models for industry-specific applications. It also embeds “presentation engineers” — professionals who understand both the client’s sector and Prezent’s AI systems — inside organizations to help teams adopt the platform effectively.
“The reality of AI in enterprise is that while AI can do many things, it can’t teach people how to use AI,” Mishra noted. “That is why we want to place presentation engineers in companies to help customers adopt the product faster.”
Prezent’s move reflects a broader trend in the AI industry, where startups are acquiring service-based companies to scale faster and combine technology with domain expertise. D-ID, for instance, acquired Berlin-based Simpleshow to expand into explainer videos, while Google-backed Lawhive acquired a U.K. law firm to integrate AI into legal workflows.
Prezent plans to follow the same path by targeting companies in executive communications, medical writing, and consulting — all sectors where professional presentation and storytelling are critical.
Mark Terbeek, a partner at Greycroft, told TechCrunch the firm’s continued backing of Prezent is driven by its belief that AI can fundamentally reshape how companies communicate.
“We like to find areas where businesses have historically used expensive agencies for communication needs. Now, there are AI tools that can do those same jobs more efficiently. We saw that Rajat and Prezent are solving a clear and growing enterprise pain point — automating business communications with speed and intelligence,” Terbeek said.
However, while investor enthusiasm for AI startups like Prezent remains intense, some analysts are beginning to warn that the current wave of capital flowing into AI may be unsustainable. The AI boom has driven valuations to historic highs across Silicon Valley, with even early-stage startups raising tens or hundreds of millions of dollars at multibillion-dollar valuations.
But some believe that while AI is transforming many industries, the rush of speculative funding could mirror past technology bubbles, where valuations far outpaced actual profitability. Analysts at several investment firms have described the ongoing wave as reminiscent of the dot-com era, when investors overestimated the speed at which new technologies could generate meaningful revenue.
Yet for now, investors are unrelenting in their belief that AI represents the next great platform shift — one that will create trillion-dollar opportunities across sectors from enterprise communication to healthcare and manufacturing. Prezent’s latest round underscores that confidence, showing that investors continue to pour money into companies offering real-world AI applications.
Looking ahead, Prezent aims to enhance its platform by adding personalization features that allow the AI to learn each user’s individual communication style. It is also working on multimodal presentation tools that accept text, voice, or video inputs — and plans to introduce digital avatars similar to those used by Synthesia and D-ID.
The competition in this space is heating up. Rival startups like Presentations.ai, Lica, Gamma, and Chronicle — all backed by venture firm Accel — are also racing to dominate the AI presentation market. But unlike most of its competitors, Prezent remains focused exclusively on enterprise clients, with a particular emphasis on the life sciences and technology sectors before expanding into finance and manufacturing.