AI startup Prezent has raised$20 million in fresh funding to refine its AI-powered slide deck creation platform and expand into new markets.

The Los Altos-based company, which also operates in Bengaluru, aims to help businesses create high-quality presentations tailored to industry-specific language and terminology.

Founded in 2021 by Rajat Mishra, Prezent combines generative AI with proprietary data from millions of slide decks to offer customised business communication solutions.

The company's AI assistant, Astrid, enables users to upload documents such as Excel files and PDFs while providing relevant company-specific context. Prezent's technology suggests layouts and formats for presentations, helping users streamline their workflow.

For those on tight deadlines, an expedited service combines AI with human reviewers to deliver polished, professional-grade decks overnight. The platform currently serves around 150 Fortune 2000 companies, particularly in biopharma and tech, and is now targeting financial services and manufacturing.

With plans to expand into Europe, Japan, and Singapore, Prezent is also developing APIs to allow developers to generate presentations directly from chatbots, apps, and search engines.

Last year, the company reported over$10 million in annual recurring revenue and now has nearly 200 employees, most of whom work remotely from India.

The latest investment, led by Greycroft with participation from Zoom Ventures and others, values Prezent at well over$100 million.