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Exclusive: Accel backs Indian AI startup building 'ChatGPT for presentations'

Exclusive: Accel backs Indian AI startup building ‘ChatGPT for presentations’

Presentations.ai: Revolutionizing Business Presentations with AI

In the fast-paced world of business, presentations are a crucial tool for communication, whether it’s to attract new clients, update investors, or share internal milestones. Despite their importance, creating compelling presentations remains a time-consuming challenge for many businesses. Enter Presentations.ai, an innovative Indian startup that leverages artificial intelligence to streamline the process of generating presentation decks. Recently, the company secured $3 million in a seed funding round led by Accel, marking a significant milestone in its journey to scale its software, which has already attracted millions of users worldwide.

Founded in 2019 and based in Bengaluru, Presentations.ai emerged from beta in 2023, quickly gaining traction with over 5 million users globally. The startup’s co-founder and CEO, Sumanth Raghavendra, envisions the platform as the “ChatGPT for presentations,” aiming to simplify the creation of presentations using AI in a manner similar to how ChatGPT operates. “People struggle to take the first draft of a presentation,” Raghavendra explained in an exclusive interview, highlighting the common challenges faced by businesses in crafting effective presentations.

Raghavendra’s journey in the tech industry began with Deck App Technologies, a venture focused on helping users create business content on smartphones. However, the limited success of this endeavor led him to pivot towards developing Presentations.ai. Over the years, the team has built intellectual properties (IPs) around presentation creation, positioning the startup as a competitive player in a market where both startups and tech giants like Google and Microsoft are exploring generative AI solutions for presentation building.

Presentations.ai’s platform offers a range of features designed to enhance the presentation creation process. These include theme palettes, presentation styles, and an AI-powered design assistant that generates decks based on user preferences. The platform also supports real-time collaboration, multilingual capabilities, and brand templates to ensure presentations align with users’ brand identities. Additionally, users can export their presentations to PowerPoint or PDF formats for further editing.

One of the standout features of Presentations.ai is its use of “frontier” large language models (LLMs) alongside proprietary small language models tailored for specific tasks, such as selecting the most appropriate chart for a given topic. The platform also incorporates text-to-image models like Flux and Stable Diffusion, enabling users to generate images for their presentations using simple prompts.

To address concerns about data security and accuracy, Presentations.ai has implemented “guardrails” to prevent AI-generated inaccuracies, commonly referred to as hallucinations. These guardrails are built using data pipelines developed over time, ensuring that enterprise customers can trust the platform with sensitive information. The startup also offers the option to host a private instance of the software and provides organization-wide licenses for collaborative presentation creation.

Despite its rapid growth, Presentations.ai has spent “zero” on marketing, relying instead on the strength of its product and word-of-mouth referrals. The company’s profitability is bolstered by its ownership of IPs, which keeps AI patent costs low. Presentations.ai generates 20% of its revenue from the U.S., with India, the U.K., Germany, Australia, Canada, and the Middle East also serving as key markets.

The recent seed funding round saw participation from prominent Indian entrepreneurs, including Paytm’s Vijay Shekhar Sharma, CRED’s Kunal Shah, Freshworks founder Girish Mathrubhootham, and RedBus’ Phanindra Sama. The funds will be used to develop a dedicated presentation agent capable of creating presentations within any application and to establish an enterprise sales team.

As Presentations.ai continues to innovate and expand its offerings, it stands poised to transform the way businesses approach presentation creation, making the process more efficient and accessible for users worldwide.

  • Founded: 2019
  • Headquarters: Bengaluru, India
  • Funding: $3 million seed round led by Accel
  • Users: Over 5 million globally
  • Revenue: 20% from the U.S.

With its cutting-edge technology and strategic vision, Presentations.ai is set to redefine the landscape of business presentations, offering a glimpse into the future of AI-driven content creation.

Original source article rewritten by our AI can be read here.
Originally Written by: Jagmeet Singh

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