Prezent, a startup that provides an AI-powered presentation builder to enterprises, mentioned at present that it has raised $30 million in funding led by Multiplier Capital, Greycroft, and Nomura Strategic Ventures, with participation from current traders like Emergent Ventures, West Wave Capital, and Alumni Ventures.

The Los Altos, California, startup, which is now valued at $400 million, has raised over $74 million to this point. It plans to make use of the brand new capital largely for acquisitions.

The corporate has additionally made its first acquisition, shopping for Prezentium, a services-led presentation firm that operates within the life sciences vertical. In an uncommon association, Prezent founder Rahul Mishra was one of many co-founders of Prezentium. Mishra mentioned that for the reason that starting of his new startup, he has been the non-operating President of Prezentium. Each startups have already got an current relationship, as Prezent makes use of Prezentium as a go-to-market associate. The acquisition basically brings Mishra’s two ventures underneath one roof, permitting Prezent to make use of Prezentium’s consumer base to supply its personal AI suite to extra prospects.

There are many firms making an attempt to create AI-powered presentation-building instruments, together with Shows.ai, Lica, Gamma, and Chronicle. Notably, all these firms have Accel as a backer. Whereas most of them concentrate on customers and small enterprise customers, Prezent needs to stay to an enterprise technique, concentrating on bigger companies. Beforehand, the corporate acknowledged that it needs to broaden its choices to completely different verticals, together with finance and manufacturing. Nevertheless, Mishra famous that for now, the corporate needs to concentrate on serving purchasers within the life sciences and tech industries.

“There are many instruments which can be making an attempt to make displays fairly. We wish to present the most effective instruments for enterprise communications. I feel presentation is likely one of the frontiers in companies that isn’t automated but. We wish to assist knowledge scientists and designers to speak successfully with this automation,” Mishra advised TechCrunch.

Mishra, who beforehand labored at McKinsey, mentioned that the corporate is taking a specialised strategy to coaching AI fashions for displays for every particular trade.

Prezent locations a presentation engineer, who’s conversant in the trade and the startup’s personal choices, in enterprises to assist completely different folks throughout the firm get used to constructing displays with AI instruments.

“The truth of AI in enterprise is that whereas AI can do many issues, it will possibly’t train folks [how] to make use of AI. That’s the reason we wish to place presentation engineers in firms to assist our prospects undertake the product sooner,” Mishra mentioned.

AI startups need to purchase companies firms to make the most of current buyer bases and likewise present higher customization to enterprise purchasers. Digital avatar startup D-ID acquired Berlin-based video startup Simpleshow, and Google-backed authorized tech startup Lawhive acquired a UK-based regulation agency. With these acquisitions, AI startups wish to mix their AI instruments with the present area experience and consumer service capabilities of companies companies.

Prezent needs to construct extra partnerships and purchase appropriate firms in sectors like govt communication teaching, medical writing, and consulting companies within the communication space.

Mark Terbeek, a associate at Greycroft who has invested in a number of rounds in Prezent, mentioned that the enterprise agency likes to search out the areas the place companies have used pricey businesses up to now to meet a necessity, and now there are AI instruments accessible making an attempt to do the identical duties.

“We felt that Rajat and Prezent had been concentrating exhausting on fixing particular buyer wants of enterprise communications. Plus, we noticed software program evolve shortly to regulate to the workflows of finish customers and assist them save time,” he advised TechCrunch over a name.

Going ahead, Prezent needs so as to add higher personalization to its product so the AI device learns the model of every particular person within the group. It additionally needs so as to add multimodality capabilities to deck creations, permitting customers to make use of textual content, voice, or video as enter to make displays. Like Sythesia and D-ID, Prezent needs so as to add digital avatars to displays, too.