This Gamma company profile covers the company's valuation, revenue, funding rounds, investors and history. Gamma works in artificial intelligence, with a focus on AI presentations, documents and websites. It was founded in 2020 and is headquartered in San Francisco, California, United States. Its latest valuation on record is US$2.1 billion (November 2025). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
More than US$100 million — Annual recurring revenue (company-reported), as of November 2025. Source: AI Business.
| Metric | Value | As of | Source |
|---|---|---|---|
| Users | About 70 million users worldwide; profitable for more than two years with about 50 employees | November 2025 | Unite.AI |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Nov 2025 | Series B | US$68M | US$2.1B | Andreessen Horowitz (lead); Accel, Uncork Capital, South Park Commons, Hustle Fund | Unite.AI |
| 2024 | Series A | US$12M | Not disclosed | Accel (lead) | AI Business |
Gamma timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2020 — Gamma is founded in San Francisco by Grant Lee (CEO), Jon Noronha and James Fox.
- 2024 — Series A: US$12M. Investors: Accel (lead).
- Nov 2025 — Series B: US$68M, valuing the company at US$2.1B. Investors: Andreessen Horowitz (lead); Accel, Uncork Capital, South Park Commons, Hustle Fund.
- November 2025 — Users: About 70 million users worldwide; profitable for more than two years with about 50 employees.
Investors
Overview
Gamma is an AI-powered tool for creating presentations, documents, websites and social media posts. Instead of dragging boxes around slides, users type a prompt, paste notes or upload a file, and Gamma's AI generates a complete, well-designed deck or page in seconds, which they can then edit, restyle and share. It has become one of the most popular AI applications in the world, with about 70 million users, and one of the clearest examples of a small, profitable AI company growing quickly without huge funding.
Grant Lee, the CEO, Jon Noronha and James Fox founded Gamma in San Francisco in 2020. Lee previously worked in growth and finance at Optimizely and other technology companies, and Noronha was a product leader at Optimizely. The founders set out to build a better format than traditional slides for sharing ideas, and added generative AI in 2023, which transformed the company's growth.
Products
- AI presentations: full decks generated from a prompt, outline or document, with layouts, images and charts.
- Documents and web pages: flexible "cards" that work as documents, one-pagers or simple websites.
- Editing with AI: rewriting, restyling, translating and summarising content within the editor.
- Sharing and analytics: links with viewer analytics, plus export to PowerPoint, PDF and Google Slides.
- Team features: brand themes, shared workspaces and administration for organisations.
Funding
Gamma raised only about US$23 million before its Series B, including a US$12 million Series A led by Accel in 2024. In November 2025 it raised US$68 million at a US$2.1 billion valuation, led by Andreessen Horowitz, with Accel, Uncork Capital, South Park Commons and Hustle Fund. The round included a secondary component that gave early employees liquidity. At the time, Gamma said it had passed US$100 million in annual recurring revenue, had been profitable for more than two years and employed only about 50 people.
Business model
Gamma uses a freemium model. Users can create a limited number of AI-generated items free, then pay monthly or annually for more AI credits, advanced design options, custom branding, analytics and removal of Gamma branding. Business plans add team management and security. Because it uses AI models from providers rather than training its own frontier models, its costs scale with usage, but careful pricing and a lean team have kept it profitable.
Competition
Gamma competes with Microsoft PowerPoint (with Copilot), Google Slides (with Gemini), Canva, Beautiful.ai, Pitch, Tome and Prezi, as well as general AI assistants that can draft slide content. Its advantages are speed, design quality, a format built for AI from the start and strong word-of-mouth growth among students, consultants, marketers and founders.
Gamma at a glance
Gamma is a San Francisco AI presentation company founded in 2020 by Grant Lee, Jon Noronha and James Fox. It has about 70 million users and passed US$100 million in ARR while staying profitable with around 50 employees. It raised a US$68 million Series B at a US$2.1 billion valuation in November 2025, led by Andreessen Horowitz.
Timeline
- 2020: founded in San Francisco.
- 2022: launches its card-based presentation format.
- 2023: adds generative AI; user growth accelerates.
- 2024: raises a US$12 million Series A led by Accel.
- November 2025: raises US$68 million at US$2.1 billion with ARR above US$100 million.
Why Gamma grew so fast
Presentations are among the most common and time-consuming tasks in business and education. Many people dislike building slides and aren't trained designers. Gamma removed most of the work: a rough idea becomes a polished deck in seconds. Every shared presentation exposes viewers to the product, creating viral growth similar to other collaboration tools. Low prices for individuals let it reach a very large audience, while business plans capture more value from teams.
A lean AI company
Gamma has become a reference point for "efficient" AI startups. Generating more than US$100 million in recurring revenue with about 50 employees means roughly US$2 million of ARR per employee, far above typical software companies. AI tools help its own team build and support the product, and its focus on one clear use case keeps complexity down. Investors increasingly value this kind of capital efficiency.
Who uses Gamma
Gamma's users include students, teachers, consultants, salespeople, marketers, startup founders and small business owners who need to communicate ideas visually and quickly. Teams in larger companies use it for internal updates, proposals and training material.
Valuation context
At US$2.1 billion and more than US$100 million in ARR, Gamma was valued at roughly 20 times recurring revenue, a premium supported by fast growth and profitability. Our guide to SaaS valuation multiples explains how such figures compare.
Risks
- Big tech bundling: Microsoft and Google can add similar AI features to tools people already pay for.
- Model costs: heavy AI usage can raise costs if prices aren't managed.
- Low switching costs: individual users can try alternatives easily.
Questions for teams
- Can the tool apply your brand fonts, colours and templates consistently?
- How easily do decks export to PowerPoint or Google Slides when needed?
- How is company data handled by the AI features?
How Gamma compares with traditional slide tools
Traditional slide software starts with a blank canvas and expects the user to choose layouts, place text boxes, align images and pick fonts. Gamma starts with content and handles the layout automatically, adapting the design as the user adds or removes material. This shifts effort from formatting to thinking about the message. For people who need a polished result rather than pixel-level control, that trade is attractive; for designers who want precise control, traditional tools still have an edge. Gamma's export features help bridge the gap, letting users start quickly and finish in PowerPoint or Google Slides if needed.
Latest developments (October 2026)
Gamma's November 2025 Series B of US$68 million, led by Andreessen Horowitz at US$2.1 billion, remains its latest round; the company reported about US$100 million in annual recurring revenue and profitability at the time. In October 2026 it released Gamma 5, adding connections to tools such as Slack and Granola and design changes aimed at avoiding a generic AI look, according to Wikipedia.
What to watch
Watch user and revenue growth, enterprise adoption, new formats beyond presentations, and competition from Microsoft, Google and Canva. Our guide to the most valuable AI startups covers related companies.
Takeaways
Professionals and students can create polished presentations in minutes. Founders can learn from Gamma's lean, profitable growth. Investors should watch whether it holds its position against big tech bundling.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Gamma do?
Gamma is a artificial intelligence / ai presentations, documents and websites company headquartered in San Francisco, California, United States. It was founded in 2020.
What is Gamma's valuation?
Gamma was valued at US$2.1 billion as of November 2025, according to Unite.AI. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Gamma make?
Gamma reported More than US$100 million (annual recurring revenue (company-reported)) as of November 2025, according to AI Business.
What was Gamma's latest funding round?
The most recent financing we have verified is a series b in Nov 2025: US$68M, at a valuation of US$2.1B. Source: Unite.AI.
Who are Gamma's investors?
Investors named in public announcements include Andreessen Horowitz, Accel, Uncork Capital, South Park Commons and Hustle Fund.
Who founded Gamma?
Gamma was founded in 2020 by Grant Lee (CEO), Jon Noronha and James Fox.
Is Gamma a public company?
No. Gamma is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Gamma headquartered?
Gamma is headquartered in San Francisco, California, United States.