Keith Peiris says he started to see the generative AI writing on the wall six months ago.
Peiris is the cofounder and chief executive of Tome, a San Francisco startup that makes presentation software juiced with generative AI. The company launched its product in early 2022 with a healthy cushion of $32 million in venture capital funding, and successfully surfed the ChatGPT hype wave after that, raising even more funding in early 2023. Venture capitalist and LinkedIn cofounder Reid Hoffman, former Google CEO and chairman Eric Schmidt, and Stability.ai’s then CEO Emad Mostaque were all backing Tome.
Tome had one problem, though: It wasn’t generating meaningful revenue. And AI startups like
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