Gamma, a startup that creates AI-generated displays, web sites, and social media posts, announced on Monday a $68 million Collection B spherical at a $2.1 billion valuation led by Andreessen Horowitz.
Co-founder and CEO Grant Lee posted on X that the corporate has profitably hit $100 million in ARR, with 70 million customers. The startup hit $50 million profitably in its first two years, Lee previously posted. Gamma final raised a $12 million Collection A spherical led by Accel in 2024.
Gamma isn’t precisely a new-to-the-scene AI startup (a minimum of by AI requirements). It was based in late 2020, in keeping with Lee’s LinkedIn, with its product first launching in 2022.
Its extra cautious elevating trajectory (by AI requirements) helped it hit a double-unicorn valuation on a complete fundraising of about $90 million. This was achieved with solely about 50 staff, Lee mentioned. And the spherical included a $20 million secondary providing that gave liquidity to early staff, the corporate tells TechCrunch. The most recent spherical additionally included participation from Accel and Uncork Capital, and its different backers include South Park Commons, Hustle Fund, and others.
