Relay, developed by AngelList, is an AI-powered tool designed for managing and analyzing investment documents and company updates. By forwarding emails, Relay extracts crucial details like pay-to-play provisions, revenue metrics, and burn rate from unstructured investor updates. Users receive a concise AI summary via email within minutes. The tool offers document management capabilities, allowing access to historical portfolio company updates and investment documents, organized by company, year, and month.

Relay's portfolio tracking dashboard integrates structured investment data, AI summaries, and historical documents, aiding users in identifying insights, tracking portfolio performance, and creating investor updates. With team permissioning features, Relay ensures relevant stakeholders have access to key insights and documents, offering multi-level access permissions. Users appreciate its ability to transform unstructured data into actionable insights, streamlining information organization and providing value beyond email clutter.