Today, Read AI, a productivity-focused artificial intelligence company, announced the close of a $50 million Series B funding round led by Smash Capital with participation from existing investors, Madrona and Goodwater Capital. This new funding brings the company’s total funding to $81 million just six months after its Series A, underscoring an acceleration in growth with 100K new accounts created weekly and 81% first-month retention.
The announcement coincides with the launch of Read AI for Gmail, a part of a broader vision of copilots everywhere, which transforms Gmail into a productivity hub with smart AI summaries, a feed of contextual insights from previous meetings and messages, and automatically generated responses. The product is available for free as a Chrome Extension.
“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,” said David Shim, Co-Founder and CEO of Read AI. “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.”
Copilot Everywhere
Read AI is the productivity AI platform of choice for consumers and enterprises using Google Meet, Microsoft Teams, Zoom, Outlook, Gmail, Slack, Hubspot, and Salesforce. Adoption has surged with the application of an AI copilot everywhere you work. Trusted by 75% of the Fortune 500, Read AI is positioned as the go-to platform to optimize workflow across any platform.
“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 Brad Twohig, Co-Founder and Managing Partner at Smash Capital. As part of the round, Twohig will join the board of directors.
“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,” said Twohig.
Bringing AI-Powered Insights to Gmail
Read AI for Gmail is a free Chrome Extension that integrates directly into Gmail to streamline email management by surfacing relevant information from meetings, emails, and messages. For example, if a client emails about a project update, Read AI can instantly pull in related content from a recent meeting, and draft a response without searching through multiple platforms.
“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,” said Shim. “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.”
Features of Read AI for Gmail:
Inbox AI: Automatically generate concise summaries of lengthy threads, highlighting key points so you can focus on what matters.
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.
Context-Based Drafts: AI-powered suggestions for email replies based on past communications, helping users respond faster and with more accuracy.
Read AI for Gmail is available for free in the Chrome Web Store.
About Read AI
Read AI is a leading productivity AI company that helps people and businesses optimize their workflows across meetings, messages, and email. With cross-platform integration with Microsoft Teams, Google Meet, Zoom, Slack, Hubspot, and Salesforce, Read AI transforms how teams connect and collaborate with an AI copilot everywhere they work.
For more information, visit read.ai.
© 2024 Read AI, Inc.
