Read AI Raises $21M to Apply Generative AI Meeting Summaries to Email and Slack Messages
Generative AI meeting summarization startup Read AI has raised $21 million in a Series A funding round led by Goodwater Capital. The new investment arrives as Read AI starts expanding from meetings into emails and messaging platforms like Slack and Microsoft Teams.
Read AI About It
The new feature, called “Readouts,” integrates into multiple platforms, augmenting the meeting intelligence with emails and communication over Slack, Teams, Outlook, and other setups. The AI composes cohesive and personalized briefings to steamlinecommunication for users and teams. The growth in ways to use Read AI’s products stems from the rapid adoption of its existing technology, which saw active users grow 12 times larger and the number of meetings summarized rise fifteenfold.
“Read is about getting to the heart of work – creating value, not sorting emails, expanding threads, and sitting in meetings,” Read AI CEO David Shim explained. “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.”
Read AI operates on a subscription model with fees ranging from $15 to $30. The AI adapts to individual preferences within 24 hours by analyzing email content and communication patterns. On average, Read AI’s summaries can distill 50 emails involving ten recipients and 56 message threads with seven participants into a single, focused topic. The “Readouts” feature provides real-time updates and includes various components like significant updates, AI-generated summaries, actionable items with learned responses, a chronological timeline, an overview snapshot, and direct access to source materials.
Of course, generative AI hallucinations are a notoriously stubborn issue for summarization by ChatGPT or Anthropic’s Claude. Still, Read AI claims to overcome the problem through a unique approach that coordinates raw data with what the AI writes to ensure accuracy and relevance. The company hasn’t published benchmarks to prove it, but the company claims great confidence in Read AI’s ability to serve as a substitute for taking notes or even attending meetings. The same would presumably go for reading emails or Slack messages.
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