Zapata AI SPAC Pitch Deck
Zapata AI is a Boston-based AI and quantum startup that went public through SPAC merger with former IndyCar driver Michael Andretti’s blank-check firm, Andretti Acquisition Corp. The company uses generative AI and quantum techniques to solve complex business problems, such as enriching business analytics with data and customizing LLMs for customer-specific challenges.
The SPAC deal approved in February gave Zapata a pro-forma enterprise value of $331M (at $10 per share) when it went public in April 2024. Shares plunged 58% on the company's first trading day, slumping to $5.70 at close. Nearly 90% of $ZPTA market cap evaporated within a month, following an increasingly-common trend for SPAC stocks.
$331M • 2024 • SPAC
About the Zapata AI SPAC Pitch Deck
- Raised: $331M
- Year: 2024
- Stage: SPAC
- Investors: SPAC - Andretti Acquisition Corp.
About Zapata AI SPAC
Zapata AI focuses on solving complex problems for large enterprises with Generative AI software.
- Industry: AI
- Tags: Industrial, Enterprise, GenAI, AI, Artificial Intelligence, Machine Learning, ML, LLM, SaaS, Software
- Business Model: B2B
- Customer Model: SaaS
- Website: https://zapata.ai
- Legal Name: Zapata AI SPAC
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