Read AI – a productivity-focused artificial intelligence company – announced the closing of a $50 million Series B funding round led by Smash Capital with participation from existing investors Madrona and Goodwater Capital.
This new funding round brings the company’s total funding to $81 million just six months after its Series A, emphasizing an acceleration in growth with 100K new accounts created every week and 81% first-month retention.
This announcement coincided with the launch of Read AI for Gmail, which transforms Gmail into a productivity hub with intelligent AI summaries – a feed of contextual insights from previous meetings and messages and automatically generated responses. This product is available for free as a Chrome Extension.
Read AI is the productivity AI platform of choice by consumers and enterprises utilizing Google Meet, Microsoft Teams, Zoom, Outlook, Gmail, Slack, Hubspot, and Salesforce. Adoption has surged with the application of an AI copilot everywhere you work.
These are the features of Read AI for Gmail:
1.) Inbox AI – Automatically generate concise summaries of lengthy threads, highlighting critical points so you can focus on what matters.
2.) Integrated Meetings and Messages – See contextual information from Zoom, Teams, Meet, and Slack integrated into your email threads as a feed, reducing the need to switch between apps.
3.) Context-Based Drafts – AI-based suggestions for email replies based on past communications, helping users respond faster and more accurately.
KEY QUOTES:
“In the age of AI assistants and agents, Read AI has gone from upstart to incumbent with a 720% increase in active users in the last 12 months. With the introduction of Read AI for Gmail, we’re building on the vision of a copilot everywhere you work, where your meetings and messages are connected to your inbox, threads are summarized, and email replies are drafted based on connected content.”
“With the launch of Read AI for Gmail, we’re using your existing workflow, email, and introducing an AI copilot to a platform used by billions of users. By bringing meeting and message data directly into your inbox, we’re not changing workflows, we’re improving them by delivering a copilot everywhere you work.”
-David Shim, Co-Founder and CEO of Read AI
“Productivity is set to be one of the largest opportunities for AI in 2025. Read AI is the preferred solution for millions of users. With 22% MoM growth in active users, Read AI is the clear winner in AI-meeting notes and is poised to bring broader productivity AI to the global masses,” said
“In the past year, Read AI has become the standard across meetings on Google Meet, Zoom, and Microsoft Teams – and with the addition of Slack, Hubspot, and Salesforce integrations Read is set to expand its footprint in both enterprise and consumer markets with there execution of an AI copilot everywhere you work.”
-Brad Twohig, Co-Founder and Managing Partner at Smash Capital. In connection with this round, Twohig will join the board of directors.
