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Gamma, a startup that turns text into polished presentations and more, will announce $68 million in new funding at a $2.1 billion valuation, led by Andreessen Horowitz. The profitable company says it has 70 million customers, including over 600,000 subscribers, generates about $100 million in annual revenue, and runs with 52 employees. CEO Grant Lee said Gamma has yet to spend the $12 million it raised in its last round. The new capital will deepen corporate products, including a $480-a-year business tier, and fund hires, international expansion, and potential acquisitions as it challenges PowerPoint and Google Slides.

Prepared by Christopher Adams and reviewed by editorial team.