Read AI, a leader in gen AI meeting summaries, announced a $21 million Series A funding round led by Goodwater Capital and existing investor Madrona Venture Group. Goodwater partner Coddy Johnson will join the Board of Directors alongside Madrona’s Matt McIlwain and David Shim (Read AI’s Co-Founder and CEO). The additional funding will accelerate Read AI’s goal of building the future of work, where every interaction is improved with AI.
Read also introduced gen AI summaries (“Readouts”) for email and messaging on Gmail, Outlook, Teams, and Slack. This connected intelligence unifies communications and empowers you and your team with personalized and actionable briefings tailored to the needs and priorities of its users.
Read AI’s intelligent agents (previously available for meetings on Microsoft Teams, Google Meet, and Zoom) experienced solid growth over the last year, with a 12X increase in monthly active users and 15X increase in measured meetings in 40+ countries.
KEY QUOTES:
“Read is about getting to the heart of work – creating value, not sorting emails, expanding threads, and sitting in meetings.”
“Read AI brings together your meetings, emails, and messages and transforms them into collaborative partners, so that they talk to each other, share information, offer updates, find answers, and organize tasks through connected intelligence. By turning dialogue into action, Read ensures every conversation moves you to value and impact.”
– David Shim, Co-Founder and CEO of Read AI
“Read AI empowers every knowledge worker to spend radically less time on process – meetings, emails, and messaging – and more time on what matters most: creating value. Everyone from college students to project managers to oil field supervisors and startup entrepreneurs agree – and they are adopting Read at a historic pace. Based on third-party data analysis, Read AI is not only the fastest-growing meeting note-taker, it is also one of the fastest-growing consumer utility apps of all time.”
“David and his team’s vision has already transformed the meeting experience of hundreds of thousands of users. With the launch of connected intelligence, it will soon transform the working experience for millions of consumers and the businesses, schools, institutions, and homes they support.”
– Goodwater partner Coddy Johnson
“Read AI’s intelligent apps make the company the leader in actionable AI for knowledge workers by enabling them to attend fewer calls, spend less time in email, and more time working on meaningful work, not busy work. Rather than a co-pilot, Read is building an AI auto-pilot to improve knowledge workers’ individual and team effectiveness across meetings, emails, and messages.”
– Matt McIlwain, Managing Director at Madrona
