Readout AI Secures Pre-Seed Funding

Readout AI, a Los Angeles, CA-based provider of a platform that analyzes data with appropriate statistics, raised an undisclosed amount in Pre-Seed funding.

The round was led by Meridian Street Capital, with participation from Mucker Capital, Necessary Ventures, and angel investor Ryan Fukushima.

The company intends to use the funds to accelerate its product development, deepen its AI sophistication, and expand its team.

Led by Matthew Michelson, PhD and CEO, Readout AI provides a platform that automatically analyzes data with the appropriate statistics and then describes the results in formats ranging from table descriptions to abstracts to posters. The goal is to alleviate the bottlenecks associated with clinical data analysis and reporting by turning trial data into accessible, human-readable insights, in seconds.