Prezent AI Secures $7.3M from TGV to Expand AI-Driven Communication
Deal News | Dec 11, 2024 | PR Newswire Cision True Global Ventures
True Global Ventures (TGV) has invested $7.3 million in Prezent AI, a San Francisco Bay Area-based company specializing in AI-powered enterprise business communication. Prezent AI leverages artificial intelligence to enhance storytelling capabilities for businesses, with applications in industries such as BioPharma and Tech-Telecom. The funding is aimed at supporting its expansion into Europe and Asia while continuing innovation in business communication. TGV, recognized for its focus on AI and Blockchain technologies, aims to foster transformative change through its investments. The strategic partnership aligns with TGV's goal to enable cross-border growth and drive innovation.
Sectors
- Artificial Intelligence
- Venture Capital
- Enterprise Software
Geography
- United States – Prezent AI is based in the San Francisco Bay Area, California.
- Europe – The investment aims to assist Prezent AI's expansion into the European market.
- Asia – Prezent AI plans to expand its operations into Asia with the new funding.
Industry
- Artificial Intelligence – The article discusses Prezent AI's use of AI technology to enhance enterprise business communication.
- Venture Capital – TGV's investment in Prezent AI is a significant instance of venture capital funding in innovative technology.
- Enterprise Software – Prezent AI offers a software platform aimed at enhancing business communication for large enterprises.
Financials
- $7.3 million – The investment amount provided by True Global Ventures to Prezent AI.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Prezent AI | Target Company | Company | A San Francisco Bay Area-based company that provides AI-driven enterprise business storytelling solutions. |
| True Global Ventures | Venture Capital Firm | Company | A global venture capital firm investing in AI and Blockchain applications. |
| Rajat Mishra | CEO of Prezent AI | Person | The founder and CEO of Prezent AI. |
| Frank Desvignes | Founding Partner of TGV Opportunity Fund | Person | A founding partner at True Global Ventures, involved in the investment in Prezent AI. |