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- đź“ť Read AI raises $50M
đź“ť Read AI raises $50M
News of the Day
Read AI, an AI startup focused on transcribing meetings and surfacing insights, has differentiated itself by integrating with platforms like email, Slack, HubSpot, Jira, and Confluence. The company recently raised $50 million in a Series B funding round led by Smash Capital, just six months after raising $21 million in its Series A. With this growth, Read AI launched a Chrome extension to display schedules, meeting reports, and insights. The company plans to grow its team to 100 by early 2025 while continuing to expand its offerings.
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Have seen this play out 10+times. Every single time the founder regretted it.
FO’s are some of the most fickle investors around. We see it in our own LP base too.
Part of what you get with a VC fund is capital (equivalent), but another part is social capital, experience on… x.com/i/web/status/1…
— Sheel Mohnot (@pitdesi)
12:28 AM • Oct 28, 2024
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