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, New York, with offices in Tel Aviv, Israel; Kyuv, Ukraine and Palo Alto, California.

 

Verbit is best known for providing transcription services built on a combination of AI and human effort for an incredibly high accuracy rate. Built on adaptive algorithms, it is the only technology that generates the most detailed speech-to-text files to provide over 99% accuracy, delivered at record-breaking speed.

 

Verbit’s customized solution helps organizations maximize the potential of their audio and video files by making information searchable, accessible and actionable. Verbit now has more than 1,500 customers, including household names like CNN and Harvard.

 

Verbit recently launched a human-in-the-loop transcription service for media firms with a delay of only a few seconds. It also launched Live Room, a desktop app for live, interactive transcripts and captions within Zoom featuring highlighting and note-taking.

 

Verbit is backed by Sapphire Ventures, Stripes, Viola Ventures, Vertex Ventures, Third Point, More Capital, Omer Cygler, HV Ventures, ClalTech, Oryzn Capital, and others. The company raised $157M in Series D round on Jun 08, 2021. This brings Verbit's total funding to $282M to date. The new round valued the company at more than $1B post-money.

 

 

  • Year founded: 2017
  • Funding Info: $282M over 5 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: $100M (2020)
  • Employee Size: 201-500
  • Business Valuation: Valued at over $1B as of June 08, 2021
  • City/Town: New York
  • State: New York
  • Country: United States
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