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Verbit
AI-based transcription & captioning services
- 1001+ employees
- B2B
- Artificial Intelligence
- Enterprise
- Machine Learning
- SaaS
- Video
- Media
- Garment District, New York, NY
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Company mission
Verbit's mission is to make the world a more accessible and inclusive place.
-5% employee growth in 12 months
Our take
Verbit is looking to revolutionize the captioning and transcription industry with AI technology. Audio files are uploaded for AI-guided processing, then edited and reviewed by freelancers for results that deliver over 99.9% accuracy. Many rival products level out at 95%.
Demand for voice-recognition capabilities is growing as new applications are found across growing industries like healthcare and banking. Additionally, with more industries than ever digitizing, a product that can reliably deliver near-perfect results at speed and scale has a huge market appeal.
In 2021, Verbit raised two substantial funding rounds which have been invested in product development and its vertical and geographical expansion through acquisitions. Verbit purchased three companies within a year including Take Note, a UK-based company, which has increased its presence in Europe.
Going forward, continued aggressive product refinement and strategic acquisitions will prove vital in an area teeming with big-name rivals such as Amazon, Microsoft, and Google. Currently, Verbit’s accuracy and efficiency set it apart, and it will need to maintain this edge.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Work from home opportunities
- Life and AD&D Insurance
- 401k
- Medical Dental & Vision Insurance
- Short Term and Long Term Disability
- Paid Time Off
Company values
- Win Together
- Do Good
Funding (last 2 of 7 rounds)
Nov 2021
$150m
SERIES E
Jun 2021
$157m
SERIES D
Total funding: $432.1m
This company has top investors
Leadership
Tom Livne
(CEO & Board Member)MBAs from Israel Institute of Technology and Yale School of Management. Founded AppInsight in 2015 and has also been a Board Member & Investor at Convexum.