Gamma, a startup that creates AI-generated shows, web sites, and social media posts, introduced 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 beforehand 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 (at the least by AI requirements). It was based in late 2020, in line 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 workers, Lee stated. And the spherical included a secondary providing that gave liquidity to early workers. The newest spherical additionally included participation from Accel, Uncork Capital, and its different backers embody South Park Commons, Hustle Fund and others.
Gamma couldn’t be instantly reached for remark.
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