The $2.1 Billion “worst idea ever”: How Gamma built a profitable empire with 50 people

Gamma, founded in 2020 by Grant Lee, Jon Noronha and James Fox, has become a $2.1 billion AI-powered visual communication platform with over 100 million users, generating more than $100 million in ARR while remaining profitable for 15 months with only ~50 staff. By integrating large-language models in 2023, it automates slide design, achieving roughly $2 million revenue per employee—four times Salesforce’s efficiency—and recently raised a $68 million Series B at a $2.1 billion valuation.