Diligence memo · auto-generated · as of July 2, 2026
Read AI, Inc.
Read AI, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Read AI, Inc. operates in AI / ML, based in SEATTLE.
Sub-sector tags: ai/ml.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Read AI, Inc. has raised $81M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $50M on 2024-09-03.
Most recent recorded round closed around 2024-09-03.
Valuation (modeled)modeled
Provath models Read AI, Inc. at approximately $480M (range $189M–$713M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.83× the median modeled value of Series C AI / ML companies in 2022–2024 (18 peers) — value vs value, same stage and era. Within the normal band (83% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 20 months.
Last raise 22 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round stepped up 2.4× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 97% of AI / ML peers (2067 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: Stability Ai, Inc., Hayden AI Technologies Inc., Runway AI Inc., Fathom, Inc., Protect AI, Inc..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.