"Prezent, a startup that offers an AI-powered presentation builder to enterprises, said today that it has raised $30 million in funding led by Multiplier Capital, Greycroft, and Nomura Strategic Ventures, with participation from existing investors like Emergent Ventures, West Wave Capital, and Alumni Ventures. The Los Altos, California, startup, which is now valued at $400 million, has raised over $74 million to date."
"The company has also made its first acquisition, buying Prezentium, a services-led presentation company that operates in the life sciences vertical. In an unusual arrangement, Prezent founder Rahul Mishra was one of the co-founders of Prezentium. Mishra said that since the beginning of his new startup, he has been the non-operating President of Prezentium. Both startups already have an existing relationship, as Prezent uses Prezentium as a go-to-market partner."
"While most of them focus on consumers and small business users, Prezent wants to stick to an enterprise strategy, targeting larger corporations. Previously, the company stated that it wants to expand its offerings to different verticals, including finance and manufacturing. However, Mishra noted that for now, the company wants to focus on serving clients in the life sciences and tech industries."
Prezent raised $30 million in a funding round led by Multiplier Capital, Greycroft, and Nomura Strategic Ventures, bringing total funding to over $74 million and valuing the company at $400 million. The company plans to use the new capital largely for acquisitions and has completed its first deal by acquiring Prezentium, a services-led presentation firm in the life sciences vertical. Prezent and Prezentium already maintained a commercial relationship, and the acquisition consolidates that partnership. Prezent positions itself as an enterprise-focused AI presentation platform, targeting larger corporations with initial emphasis on life sciences and technology clients.
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