Prezent AI on track to become to first enterprise business communication unicorn following $400m valuation

Since the moment powerful Large Language Models (LLMs) hit the market, the promise of GenAI and its impact on the future of work have been a hot topic of conversation. 

In fact, McKinsey research sizes the long-term AI opportunity at $4.4 trillion in added productivity growth potential from corporate use cases. 

When it comes to improving productivity and performance through great business communication, one company continues to standout as an increasingly dominant player. 

Prezent AI is an enterprise business presentation platform that provides corporate users with powerful tools that understand the unique nuances of each industry and the organization. 

The company recently secured an additional $30M of funding to continue its mission of providing excellent business communication services to enterprises. Prezent is also set to increase its foothold in the life sciences sector by acquiring the largest business presentation services company for this vertical, Prezentium, in a cash plus equity deal.

These two new milestones means that Prezent AI’s valuation has now reached an impressive $400M, placing the team on-track to become the first enterprise business communication unicorn.

A new era of communication service provision 

The latest funding round and the acquisition of Prezentium are two significant milestones for the company itself, but it’s also part of a much broader plan that Prezent AI has in place. 

The team believe that current agency models are obsolete, leaving enterprises paying for slow and overprices content that slows down the pace of work and doesn’t allow for agile use across large organizational workflows. 

The company is aiming to disrupt the outdated status quo with a bold AI-enabled roll-up strategy to bring the only all-in-one human and AI business communication platform to market. While the company has solid presence in the life sciences and Ttchnology sectors, there are plans to reach enterprises in other verticals going forward through the acquisition of presentation service providers that targets these users. 

Rajat Mishra, founder and CEO of Prezent AI, explained, “Our north star is to provide experts when you need them and AI acceleration everywhere. That way we deliver the outcome of great business communication – faster, better, cheaper.”

In order to maintain high-quality communication services with rapid turnaround times, AI is playing an instrumental role. However, the company avoids falling into the trap of being a generic AI product by partnering closely with industry experts who understand the unique language, regulations, and needs of the industries it serves.

This unique approach has ensured that Prezent AI provides real ROI to enterprise companies at scale.

“Our customers care about outcomes, not products. Not just slides, but great business communication. While services businesses have traditionally provided these outcomes, AI makes a new reality possible,” Mishra continued. 

Streamlining agency service provision with AI 

While the data suggests AI is set to unlock trillions in growth through enhanced productivity, the current landscape is plagued with teething problems based on how enterprise organizations have traditionally operated. 

Mishra explained that, “The average enterprise has 15 different agencies and tools for business communication which is inefficient and ineffective.” 

Prezent challenges the traditional agency-consulting model and serves many F2000 life sciences and technology companies at scale by streamlining the provision of business communication services. In future, the company aims to deliver a complete AI + human-augmented lifecycle solution and the acquisition of Prezentium marks a bold step forward, helping the company combines advanced AI, domain-specific software, and human expertise into one system.

With Prezentium joining the platform, Prezent AI takes a step towards building the complete AI + human-augmented business communication solution. “We have been GTM partners for a while and share the same customer obsession,” says Deepti Juturu, founder and CEO of Prezentium. 

Investors take note of AI powered communications 

The $30M funding was led by Multiplier Capital, Greycroft and Nomura Strategic Ventures with participation of existing investors like True Global Ventures, Emergent Ventures, West Wave Capital, BluePointe Ventures, Alumni Ventures and other investors. 

“Prezent stands out as a category-defining company operating at the intersection of AI, communication, and enterprise productivity. We invest in high-growth businesses delivering mission-critical solutions, and Prezent’s platform—combined with its bold acquisition strategy—has the potential to reshape how enterprises communicate at scale,” said Ash Vaidya, Managing Director at Multiplier Capital. 

This article includes a client of an Espacio portfolio company