AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
SEATTLE - Banzai International, Inc. (NASDAQ:BNZI), a marketing technology company with a market capitalization of $11 million and impressive gross profit margins of 76%, has appointed Michael Kurtzman as Chief Revenue Officer effective Monday, according to a press release statement. InvestingPro data reveals the company is currently trading near its 52-week low of $0.58, down from its high of $11.20. Kurtzman will oversee operations and customer-facing functions for Banzai’s video engagement, production, and webinar solutions, including Demio, CreateStudio, and OpenReel. The new executive brings more than 20 years of global experience in revenue and go-to-market roles across startups, growth-stage ventures, and Fortune 50 companies.
He previously served as CEO of Violett, Inc., an AI-enabled air health platform, and as Chief Revenue Officer at Zype before its acquisition by Backlight. In his new role, Kurtzman will be responsible for accelerating subscriber growth, enterprise and mid-market expansion, and customer retention. According to the company, his primary objective will be to increase revenue in the Video business unit to $50 million over the next three years, an ambitious target given the current annual revenue of $6.8 million. Analysts anticipate modest sales growth of 3.2% for the current year, according to InvestingPro’s comprehensive research report, one of 1,400+ deep-dive analyses available to subscribers. "As we enter our next phase of growth, Michael brings the experience and demonstrated success to scale technology companies," said Joe Davy, Founder and CEO of Banzai.
Kurtzman will head sales, marketing, customer support, professional services, and operations, with influence over product management and engineering. Banzai provides AI-enabled marketing and sales solutions for businesses. Its customers include Autodesk, Dell Technologies, New York Life, Thermo Fisher Scientific, and ActiveCampaign, among others. In other recent news, Banzai International Inc. reported a remarkable 213% increase in revenue for Q1 2025, reaching $3.4 million.
Despite a net loss of $3.6 million, this figure marks an improvement from the previous year’s loss of $4.3 million. The company also achieved a gross profit of $2.8 million, representing a 297% increase, and expanded its gross margin to 82.1% from 64.7%. Banzai has been actively expanding its product portfolio with AI-driven solutions and has completed a $20.3 million debt repayment ahead of schedule. The company also signed a definitive agreement to acquire Acton Software, expected to boost FY2025 revenue by $27 million, subject to closing conditions. Analysts have noted these strategic moves, with RBC Capital Markets among the firms expanding agreements with Banzai.
The company has also increased its customer base to over 90,000, including prominent names like Cisco, Adobe, and Microsoft. Banzai International is optimistic about achieving cash breakeven by the end of 2025, driven by its strategic focus on AI and marketing technology acquisitions. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
# Banzai appoints Michael Kurtzman as chief revenue officer
June 16, 2025 10:37 PM AEST | By EODHD
