Read AI's meeting summaries have seen a significant growth, with a 12x increase in monthly active users and a 15x increase in recorded meetings across more than 40 countries. The company's AI-powered topic reports, or "Readouts," condense large volumes of emails and message threads into concise summaries. The company is also committed to data privacy and security, with regular SOC 2 Type 2 audits and end-to-end encryption on all measured data. With the latest funding, Read AI plans to double its team size and continue investing in connected intelligence by adding new platforms and features.
Key takeaways:
- Read AI, an AI-powered meeting summaries provider, has raised $21 million in a Series A financing round led by Goodwater Capital and Madrona Venture Group.
- The company plans to use the funding to accelerate its mission of enhancing every interaction with artificial intelligence and has unveiled a new offering that brings its 'connected intelligence' to email and messaging platforms.
- Read AI's meeting summaries have seen significant growth, with a 12x increase in monthly active users and a 15x increase in recorded meetings across more than 40 countries.
- The company prioritizes data privacy and security, conducting regular SOC 2 Type 2 audits and providing end-to-end encryption on all measured data, giving users full control over their data retention policies.