Verbit.ai

Verbit is a leading transcription and captioning solution that fuses artificial and human intelligence to provide 99.9% accuracy at a rate 10 times faster than the industry standard.

Verbit.ai specializes in combining human and artificial intelligence to provide transcription and captioning solutions.

Verbit was founded in 2017 by Tom Livne, Eric Shellef, and Kobi Ben Tzvi. The company is headquartered in New York, with offices in Colorado, Pittsburgh, Palo Alto, Canada, Tel Aviv and Kyiv.

 

Verbit's in-house, AI-based Automated Speech Recognition (ASR) technology, coupled with its human transcriber network, offers customers high-quality, word-for-word, interactive and collaborative transcripts and captions.

 

Verbit's solutions reach 99.9% accuracy levels and deliver industry-leading turnaround time (10X faster than industry standards). Businesses, legal agencies, universities and others can leverage Verbit's customizable solution, which meets ADA, FCC, and privacy compliance standards.

 

Verbit serves as the trusted captioning and transcription partner for over 2,000 customers across the media, education, corporate, legal, and government sector.

 

Verbit is backed by Sapphire Ventures, Third Point Ventures, Stripes, Viola Ventures, Vertex Ventures, Samsung Next, TCP, Disruptive AI, More Capital, HV Ventures, Oryzn Capital, and others. The company closed a $250M Series B round on Nov 23, 2021. This brings Verbit's total funding to $532M to date. The latest round doubled the company's valuation to $2B post-money. Verbit was previously valued at $1B from their Series D raised in Jun 2021.

 

 

  • Year founded: 2017
  • Funding Info: $532M over 6 Rounds (Latest Funding Type: Series E)
  • Yearly Revenue: $100M (2020)
  • Employee Size: 201-500
  • Business Valuation: Valued at $2B as of Nov 23, 2021
  • City/Town: New York
  • State: New York
  • Country: United States
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