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Read AI raises USD 21 million to develop AI-based productivity features
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Apr 2, 2024
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Remote Work Tools

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Apr 2, 2024

Read AI raises USD 21 million to develop AI-based productivity features

Funding
Product updates

  • Read AI, a virtual meeting analytics tool, has secured a USD 21 million Series A financing round led by Goodwater Capital, with participation from existing investor Madrona Venture Group

  • The funding aims to accelerate the company's mission of advancing the future of work by improving people’s digital interactions with AI to improve efficiency. Read AI plans to expand its team and continue developing its AI capabilities over the coming months. 

  • In conjunction with the investment, Read AI has introduced a new offering that extends its "connected intelligence" to email and messaging platforms like Gmail, Outlook, Teams, and Slack. This enables intelligent agents to operate in the background, facilitating interactions between meetings, emails, and messages. Thus, Read AI delivers personalized, actionable briefings tailored to users' needs.

  • Read AI specializes in generating AI-powered summaries of meetings, emails, and messages, transforming them into efficient, collaborative tools. It provides multi-language support and its multi-platform assistant enables seamless integration. The company claims knowledge workers using Read AI have observed a 20% productivity improvement. 

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