Outread Secures $750K in Pre-Seed Funding
Outread, an Adelaide, Australia-based AI-powered research and insights discovery platform for research papers, has secured $750,000 in pre-seed funding.
The Techstars Accelerator and prominent investors like Jeff Dean, Google's chief scientist, and Fiona Bones, Google's VP of finance, backed the funding round.
The company will use the funding to expand the team, further develop the platform, and achieve product-market fit for the subscription-based B2B model.
Founded in 2023 by siblings Janhvi and Dhruv Sirohi and Anshika Singh, Outread provides an AI-powered research and insights discovery platform for research papers. The company leverages machine learning to separate credible, actionable information from the overwhelming volume of available data. The platform helps users find relevant papers, extract key information, and organize it into concepts tailored to the corporate research market. Outread is currently conducting pilots with consulting firms, offering them a dashboard that integrates into their workflow and provides valuable insights derived from research papers.
Funding Details
Company: Outread
Raised: $750K
Round: Pre-Seed Round
Funding Month: April 2024
Investors: Techstars Accelerator, Jeff Dean, Fiona Bones
Company Website: https://out-read.com/
Software Category: Research and Insights Platform