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AI-Driven Powerpoint Alternative Tome Raises $43 Million in New Funding, Valued at $300 Million Without Making a Sale

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Forbes. Founded by former Meta managers Keith Peiris and Henri Liriani, Tome utilizes GPT-3 and DALL-E 2 to produce a presentation in a matter of seconds based on a typed description.

Headlined by Lightspeed Venture Partners, Series B investors include Coatue, Greylock, Stability.ai CEO Emad Mostaque and past Google CEO Eric Schmidt.

Series A funding had already brought the company to a $175 million valuation.It took the CEOs two years to develop Tome before they published a free beta test version of the platform in September.

After integrating AI models from OpenAI in November, it surpassed a million users by February, which according to the founders marks the fastest growth of any productivity tool.“We set out to build a company that can help anyone tell a compelling story,” Peiris told Forbes. “Storytelling is the elementary building block of productivity for humanity, from cave drawings to stories around the fire to PowerPoint.”Tome was partly inspired by the founders’ issues with Microsoft PowerPoint, the industry-standard digital presentation tool.

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