Prezent Raises $30 Million To Acquire Ai Services Firms — Starting With Founder’s Other Company

Prezent, a startup that offers an AI-powered position builder to enterprises, said coming that it has raised $30 cardinal successful backing led by Multiplier Capital, Greycroft, and Nomura Strategic Ventures, pinch information from existing investors for illustration Emergent Ventures, West Wave Capital, and Alumni Ventures.

The Los Altos, California, startup, which is now weighted astatine $400 million, has raised complete $74 million to date. It plans to usage nan caller superior mostly for acquisitions.

The institution has besides made its first acquisition, buying Prezentium, a services-led position institution that operates successful nan life sciences vertical. In an different arrangement, Prezent laminitis Rahul Mishra was 1 of nan co-founders of Prezentium. Mishra said that since nan opening of his caller startup, he has been nan non-operating President of Prezentium. Both startups already person an existing relationship, arsenic Prezent uses Prezentium arsenic a go-to-market partner. The acquisition fundamentally brings Mishra’s 2 ventures nether 1 roof, allowing Prezent to usage Prezentium’s customer guidelines to connection its ain AI suite to much customers.

Image Credits: Prezent

There are plentifulness of companies trying to create AI-powered presentation-building tools, including Presentations.ai, Lica, Gamma, and Chronicle. Notably, each these companies person Accel arsenic a backer. While astir of them attraction connected consumers and mini business users, Prezent wants to instrumentality to an endeavor strategy, targeting larger corporations. Previously, nan institution stated that it wants to grow its offerings to different verticals, including finance and manufacturing. However, Mishra noted that for now, nan institution wants to attraction connected serving clients successful nan life sciences and tech industries.

“There are plentifulness of devices that are trying to make presentations pretty. We want to supply nan champion devices for business communications. I deliberation position is 1 of nan frontiers successful businesses that is not automated yet. We want to thief information scientists and designers to pass efficaciously pinch this automation,” Mishra told TechCrunch.

Prezent laminitis Rajat Mishra Image Credits:Prezent

Mishra, who antecedently worked astatine McKinsey, said that nan institution is taking a specialized attack to training AI models for presentations for each circumstantial industry.

Prezent places a position engineer, who is acquainted pinch nan manufacture and nan startup’s ain offerings, successful enterprises to thief different group wrong nan institution get utilized to building presentations pinch AI tools.

“The reality of AI successful endeavor is that while AI tin do galore things, it can’t thatch group [how] to usage AI. That is why we want to spot position engineers successful companies to thief our customers adopt nan merchandise faster,” Mishra said.

Image Credits: Prezent

AI startups are looking to get services companies to return advantage of existing customer bases and besides supply amended customization to endeavor clients. Digital avatar startup D-ID acquired Berlin-based video startup Simpleshow, and Google-backed ineligible tech startup Lawhive acquired a UK-based rule firm. With these acquisitions, AI startups want to harvester their AI devices pinch nan existing domain expertise and customer work capabilities of services firms.

Prezent wants to build much partnerships and get suitable companies successful sectors for illustration executive connection coaching, aesculapian writing, and consulting firms successful nan connection area.

Mark Terbeek, a partner astatine Greycroft who has invested successful aggregate rounds successful Prezent, said that nan task patient likes to find nan areas wherever businesses person utilized costly agencies successful nan past to fulfill a need, and now location are AI devices disposable trying to do nan aforesaid tasks.

“We felt that Rajat and Prezent were concentrating difficult connected solving circumstantial customer needs of business communications. Plus, we saw package germinate quickly to set to nan workflows of extremity users and thief them prevention time,” he told TechCrunch complete a call.

Going forward, Prezent wants to adhd amended personalization to its merchandise truthful nan AI instrumentality learns nan style of each individual successful nan organization. It besides wants to adhd multimodality capabilities to platform creations, allowing users to usage text, voice, aliases video arsenic input to make presentations. Like Sythesia and D-ID, Prezent wants to adhd integer avatars to presentations, too.