Launched today, Summify is a new company founded by former Google and Microsoft interns and backed by its first round of seed funding. Investors include Accel Partners, Rob Glaser (RealNetworks), Stewart Butterfield (Flickr, Tiny Speck), Steve Olechowski (Google, FeedBurner), and Canadian super angel Boris Wertz.

Summify distills the social web, boiling down the torrent of daily information from Facebook, Twitter and Google Reader into a summary of the top five or ten most important and relevant stories that day. An easily consumable summary arrives in email or on the web, with mobile coming soon.

Rob Glaser said: “Most people would say that they only see a fraction of what they are following on the social web. There’s a lot of good stuff, but also a lot of noise. Filtering out the noise and finding the signal is a huge problem that nobody else has been able to effectively address. Based on using Summify and working with Mircea and Cristian for the past 3 months, I think they’ve created a breakthrough product.”

Summify Co-Founder Mircea Paşoi said: “Summify is a way for people to look at less information, spend much less time doing it, and get more out of it. We believe we are solving a fundamental social media problem for consumers. We really value the support of our investors and advisors in this endeavor.”