Read AI, a Seattle, WA-based AI productivity startup, has raised $50 million in Series B funding. 

Investors 

The round was led by Smash Capital, a Los Angeles-based venture capital firm founded in 2018 that invests in emerging growth and later-stage consumer internet and software companies. 

Read AI Use of Funds 

The funding will accelerate Read AI's product development, including the launch of a free Chrome extension for email and meeting integration.

By Q1 2025, Read AI plans to double its team to 100 employees, leveraging this growth to further develop its AI capabilities across digital workspaces. 

About Read AI 

Founded in 2021 by David Shim, Robert Williams, and Elliott Waldron, Read AI provides an AI-powered assistant designed to integrate seamlessly with popular workplace tools like email, Slack, HubSpot, Jira, and Confluence. Its goal is to streamline daily workflows by summarizing, organizing, and generating insights from meetings, messages, and other forms of communication. Read AI acts as an adaptable "co-pilot" for users. The company has attracted over 100,000 new accounts across enterprises and individual users. 

Funding Details 

Company: Read AI, Inc. 

Raised: $50.0M 

Funding Round: Series B 

Funding Date: October 2024 

Lead Investor: Smash Capital 

Additional Investors: Madrona, Goodwater Capital 

Company Website: https://www.read.ai/  

Software Category: AI Productivity 

Source: https://techcrunch.com/2024/10/28/read-ai-raises-50m-to-integrate-its-bot-with-slack-email-and-more/