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Just raised $40M Series B - high purchase intent window

Read AI raised $21M in a Series A funding round led by Goodwater Capital to accelerate the mission of building the future of work enhanced by artificial intelligence.

Apr 02, 2024over 1 year ago

Amount Raised

$21 Million

Round Type

series a

SeattleNatural Language ProcessingMachine LearningMessagingArtificial IntelligenceSoftware

Investors

Madrona Venture GroupGoodwater Capital

Description

Read AI, a leader in AI-powered meeting summaries, announced a $21 million Series A financing round led by Goodwater Capital, with participation from existing investor Madrona Venture Group. The funds will be used to accelerate the company’s mission of building the future of work, where every interaction is enhanced by artificial intelligence.

Company Information

Company

Read AI

Location

999 Third Ave, Suite 3300

Seattle, Washington, United States

About

Read AI is a leader in AI-powered meeting summaries, offering connected intelligence to meetings, email, and messaging platforms including Gmail, Outlook, Teams, and Slack. The company's mission is to build the future of work where every interaction is enhanced by artificial intelligence.

FundzWatch™ Score

67
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech