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AI startup Read announces new funding at $450 million valuation

  • Read AI announced a new funding round that valued the startup at $450 million after raising $50 million, led by Smash Capital.
  • The recent series B funding followed a $21 million series A six months prior, with participation from Madrona and Goodwater Capital.
  • Read AI aims to improve meeting efficiency via note-taking and transcription, and hopes to increase enterprise users with free features like 'Read AI for Gmail'.
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Channel News Asia broke the news in Singapore on Monday, October 28, 2024.
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