Macro Pitch Deck Used to Raise $9.3 Million in Seed Funding for AI

Macro Pitch Deck Used to Raise $9.3 Million in Seed Funding for AI

Company Background:

In early 2023, Macro, a start-up that offers a desktop tool that utilizes AI to modify documents and introduce interactive and hyperlinked content, earned $9.3 million in a seed investment round headed by Andreessen Horowitz. Macro's technology is geared at younger professionals and aspires to be the go-to office suite to fight Microsoft 365.

Jacob Beckerman, the business's creator, founded the company (then known as CoParse) while a PhD student at UPenn, concentrating his thesis on natural language processing (NLP) applications in legal contracts. The ""secret sauce"" of Macro makes text interactive: when a user clicks on a key phrase defined elsewhere in the page, a window displaying the keyword's meaning appears. Users may search for phrases and skip to sections using the sidebar, and tabs can be used to see various areas of the same page. Macro's primary desktop software was published in 2020, and it attracted testers from investment banks, law firms, hedge funds, private equity funds, and endowments.

Business Model & Funding Summary:

• Industry: Software
• Business model: SaaS, B2B
• Year: 2023
• Amount raised: $9.3 Million
• Stage: Seed

Pitch Deck Used:

Macro's $9.3M pitch deck for AI text editing