AI startup Read announces new funding at $450 million valuation

FILE PHOTO: Words reading "Artificial intelligence AI", miniature of robot and toy hand are pictured in this illustration taken December 14, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Read AI, a productivity and AI automation startup, said on Monday it was valued at $450 million after a series B funding round led by Smash Capital.

The company raised $50 million in the latest round, which also saw participation from existing investors Madrona and Goodwater Capital, six months after it raised $21 million in series A.