AI, an Indian startup that can quickly generate presentation decks using AI, raises $3 million in a seed round led by Accel, and accumulates millions of users from the beta after The software that appeared has been scaled.
Presentations are ubiquitous throughout the business journey, whether it’s a big company or a startup, to attract new customers, update investors, and communicate milestones internally. But businesses are still struggling and spending hours cracking engaging presentations. This is even more important when targeting clients and investors.
“People have a hard time taking the first draft of their presentation,” Sumanth Raghavendra, co-founder and CEO of Presentations.ai, said in an exclusive interview.
The Bengaluru-based startup has made this easier with a platform powered by AI. It has been used by over 5 million people worldwide since its public beta launch in 2023. “We want to be ChatGpt for presentations. Raghavendra told TechCrunch.
Founded in 2019, the presentation saw the moment when ChatGpt emergence from stealth in the second half of 2022 and began boarding new users. The startup has attracted 1 million users within three months of the public beta and is currently making “millions of dollars” profits, Raghavendra said.
Before the presentation, Raghavendra founded deck app technology and developed an app that would help them create business content using their smartphones. However, he pointed out that previous ventures had “limited degree of success” because mobile devices were not the equipment for creating content other than video.
Over the years, Raghavendra said his team created the IPS around building presentations to support presentations. AI emerges as competitive players, even in busy spaces where both startups such as Google and Microsoft and large companies are trying to ease presentation building. Uses the Generate AI.
“We’ve been doing this for so many years, so I’m pretty sure we’re way ahead of others. They usually include what Google and Microsoft have. , tried other competitors,” Raghavendra insisted.
After gaining initial traction, the startup moved from a completely free experience of beta testers to freemium products in early 2024. Since then, Raghavendra has told TechCrunch that “tens of thousands” of users paying for their annual service “tens of thousands.” The US price of $200 per user features localized pricing across different tiers and markets.
Startups use “frontier” LLM and their own small language models created for a particular task, such as determining the best chart for a particular topic. It also uses intertext model flux and stable diffusion to help users quickly generate images for use at the prompt.
Presentations provide tools that include theme palettes and presentation styles to generate decks based on user preferences. It also offers features such as a variety of ideas, sharing and real-time synchronization, an AI-driven design assistant to create presentations based on multilingual support.
Similarly, the startup offers brand templates that match the style of a user’s particular brand. People can also export presentations to PowerPoint files and edit them further or export the experience as PDF.
The presentation specifically includes “Guardrails” to ensure that enterprise customers have a high standard against competition. According to Ragavendra, these guardrails are built using data pipelines that startups have built over time. The platform also allows businesses to restrict access to sensitive data they don’t want to be shared with others, such as CFO financial information that frontline staff should not access.
The startup can also host a private instance of the software. Additionally, it provides organization-wide licenses to enable employees to collaborate on specific presentations.
Raghavendra told TechCrunch that he would use seed funds to launch a dedicated presentation agent to create presentations within any application. He also plans to have an enterprise sales team.
So far, Raghavendra said the startups have spent “zero” on marketing. Also, because they own IPS, the executive said that AI patent costs are relatively low and are more profitable than other startups that use AI to allow presentations.
The startups earn 20% of revenue from the US, followed by India. It also counts the UK, Germany, Australia, Canada and the Middle East as key markets.
The seed round includes participation from learnt Indian entrepreneurs, including Paytm’s Vijay Shekhar Shah, Cred’s Kunal Shah, Freshworks founder Girish Mathrubootham and Redbus’s Phanindra Sama. It was there.