# Read AI funding: rounds and investors

> Read AI has raised $50M across 1 round since 2024. Investors include Smash Capital, Goodwater Capital and Madrona Venture Group. Every round with its source.

Source: https://millionrounds.com/company/read-ai (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Read AI*

One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

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Funding summary Updated 15 Nov 2026

**$50M** raised across 1 round since 2024, from 1 source

- **Latest round:** Series B, $50M Oct 2024
- **Led by:** Smash Capital
- **Investors:** 4 (1 led)

See who backed them

## The rounds

- **Oct 2024** Series B **$50M** [Smash Capital](https://millionrounds.com/fund/smash-capital) Lead [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [Madrona Venture Group](https://millionrounds.com/fund/madrona) [PSL Ventures](https://millionrounds.com/fund/psl-ventures) Reported by TechCrunch SEC filing: $50M sold, first sale Sept 2024

## Funding filed with regulators

Read AI filed 3 raises, $81M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Sept 2024 **$50M** 4 investors SEC Form D
- Feb 2024 **$21M** 4 investors equity SEC Form D
- May 2021 **$10.0M** 18 investors equity of $10.0M offered SEC Form D

## Founders and team

From Read AI's own website: 3 founders.

**David Shim** Co-Founder, CEO

**Rob Williams** Co-Founder, CTO

**Elliott Waldron** Co-Founder, VP of Data Science

## Everyone who backed them

[Smash Capital](https://millionrounds.com/fund/smash-capital) VC firm **1** round, led 1

[Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) VC firm **1** round

[Madrona Venture Group](https://millionrounds.com/fund/madrona) VC firm **1** round

[PSL Ventures](https://millionrounds.com/fund/psl-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=read-ai).

## Quick answers about Read AI

### Who invested in Read AI?

Read AI's investors include Smash Capital, Goodwater Capital, Madrona Venture Group and PSL Ventures. Smash Capital led its latest round.

### How much has Read AI raised?

Read AI has raised $50M across 1 round since 2024.

### When did Read AI last raise?

Read AI's most recent round was a Series B of $50M in Oct 2024, led by Smash Capital.

### What was Read AI's biggest round?

Its most recent round, $50M in Oct 2024, is also its largest on record.

### Who backed Read AI first?

Read AI's first round on record, in Oct 2024, was backed by Smash Capital, Goodwater Capital and Madrona Venture Group and 1 others.

### What stage is Read AI at?

Read AI's latest named round is a Series B, in Oct 2024.

### Where is Read AI based?

Read AI is based in the United States.

### Who led Read AI's rounds?

Smash Capital led the Series B in 2024.

## Companies like Read AI

In the same sector, and raised in the last eighteen months.

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