Business & Finance
Gamma acquires design startup Lica to form new research lab
The presentation platform acquired the Accel-backed company to advance AI model customization and multimodal communication.
The short version
- Gamma has acquired design startup Lica to establish a new internal design research division.
- Lica co-founders Priyaa Kalyanaraman and Purvanshi Mehta will lead the new division focused on custom AI communication styles and multimodal outputs.
- Financial terms of the acquisition were not disclosed.
Key facts
- Gamma acquired design startup Lica to launch a new design research division.[TechCrunch]
- Lica co-founders Priyaa Kalyanaraman and Purvanshi Mehta will head the new research unit at Gamma.[TechCrunch]
- Lica was founded in 2023 and previously secured $4 million in funding from investors including Accel, South Park Commons, and Village Global.[TechCrunch]
- Both Gamma and Lica share common backing from venture firms Accel and South Park Commons.[TechCrunch]
- The new research division plans to focus on customizing AI communication models for different audiences and developing interactive, multimodal presentation formats.[TechCrunch]
What remains uncertain
- The financial terms and purchase price of the acquisition were not disclosed.[TechCrunch]
- Gamma has not yet revealed specific products or features planned as a direct result of the acquisition.[TechCrunch]