Read AI has filed a notice of an exempt offering of securities to raise $50 Million in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Read AI is raising up to $50,000,000.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Comm0ission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Read AI
Making meetings more effective and efficient with AI. After every call, Read delivers a meeting summary, which includes topics discussed, action items, key questions, video playback include AI generated highlights. Productivity AI automates the mundane in meetings, scheduling, email, and messages to centralize and simplify your knowledge sources. Read is set to be the independent system of record for productivity AI where people are attending fewer meetings, sending less emails, reading fewer messages, and decisions are as simple as swiping right. Based out of Seattle, WA, Read was founded in 2021 by David Shim, Robert Williams, Elliott Waldron and backed by Madrona Venture Group and Goodwater. The team has founded and led companies that, to date, have generated hundreds of millions in revenue and billions in market valuation across Foursquare, Snapchat, Placed, and Farecast.
To learn more about Read AI, visit http://www.read.ai/
Read AI Linkedin Page: https://www.linkedin.com/company/readinc/
Contact:
David Shim, Chief Executive Officer
206-579-5240
https://www.linkedin.com/in/davidshim/
SOURCE: http://www.intelligence360.io
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