Presentations.ai, an Indian startup that leverages AI to expedite the creation of presentation decks, has secured $3 million in a seed round led by Accel to scale its software, which has transitioned from beta following the accumulation of millions of users.

Presentations are an integral component of a business journey, encompassing various stages such as acquiring new customers, updating investors, and communicating milestones internally. However, businesses continue to struggle with crafting compelling presentations, particularly when targeting clients or investors.

“People often find it challenging to create the initial draft of a presentation,” stated Sumanth Raghavendra, co-founder and CEO of Presentations.ai, in an exclusive interview.

The Bengaluru-based startup has simplified this process with its AI-powered platform, utilized by over 5 million people worldwide since its public beta launch in 2023, according to the company. “We aspire to be the ChatGPT for presentation. Envision creating a presentation using AI, utilizing the same framework that ChatGPT operates under,” Raghavendra told TechCrunch.

The platform has developed over time to restrict hallucination, a colloquial term for AI-generated inaccurate or misleading content. It also allows enterprises to restrict access to sensitive data they do not wish to be shared with other users, such as financial information with the CFO that front-line staff should not access.

The startup also enables hosting a private instance of the software. Furthermore, it provides organization-wide licenses to facilitate employee collaboration on a particular presentation.

Raghvendra informed TechCrunch that the startup plans to utilize the seed funding to launch a dedicated presentation agent to create presentations within any application. It also plans to establish an enterprise sales team.

Thus far, Raghvendra stated that the startup has expended “zero” on its marketing. Additionally, since it owns IPs, the executive noted that its AI patent costs are relatively lower and have higher profitability margins than other startups enabling presentations using AI.

The startup derives 20% of its revenues from the U.S. followed by India. It also counts the U.K., Germany, Australia, Canada, and the Middle East among its key markets.

The seed round included participation from seasoned Indian entrepreneurs, including Paytm’s Vijay Shekhar Sharma, CRED’s Kunal Shah, Freshworks founder Girish Mathrubhootham, and RedBus’ Phanindra Sama, among others.