Verbit

Verbit drives accessibility and inclusion of all students and employees with unmatched captioning and transcription technology which is based on AI and automatic speech recognition technology..

2016

1630

$571M

Series E

9

22

Verbit is helping renowned institutions and corporations provide accessibility and engagement to students, employees and customers with its Real-Time Transcription (CART) technology. Our disruptive, live transcription and captioning solution harnesses the power of artificial and human intelligence to help organizations maximize the potential of their audio and video files for real-time results. Built on adaptive algorithms, Verbit’s technology generates the most detailed speech-to-text files on the market, providing 99% accuracy at record-breaking speed. Verbits CART technology is transformative for many industries, namely higher education, legal, and media. For example, Verbits technology empowers universities to not only comply with the transcription and captioning required by the Americans with Disabilities Act, but improve the learning experiences of all students on campuses globally. Verbits flexible cloud system includes customizable templates and allows users to upload files directly, via API or through integrations with leading video hosting platforms. A robust platform provides customers with full visibility into the files that are being processed in real time. Verbits customized solution makes files searchable, accessible and actionable. Verbit has secured $65M in funding to date. Verbit’s CART service empowers the unique learning needs of all individuals, helping them to succeed in their studies, careers and daily lives through effective content consumption.

NameTitleContact
Eric ShellefCTO1
Tom LivneCEO1
Kobi Ben TzviVP of Engineering and Board Member1

NameTitleContact
Kobi Ben TzviVP of Engineering…1
Hock Chuan TamBoard Observer
Saagar KulkarniPartner and Board…1
Yaniv JacobiManaging Partner …1
Casber WangBoard Member

RoundDate AnnouncedInvestors
Verbit raises $150 millionNovember 23, 20218
Verbit raises $100 millionNovember 23, 20217
Verbit raises $157 million series DJune 8, 202113
Verbit raises $37 million debtJune 8, 20211
Verbit raises $60 million series CNovember 19, 20206

Investor NameInvestor TypeAUM ($)
40NorthCorporate Venture Capital0
Access IndustriesInvestment Firm0
ATOORO FUNDFamily Office0
AzuraInvestment Firm0
ClaltechCorporate Venture Capital0
Disruptive AIVenture Capital0
HV Capital1,100,000,000
HV CapitalVenture Capital1,100,000,000
ICON0
ICONAccelerator11,600,000
ICON FundVenture Capital0
Lion Investment PartnersVenture Capital0
More Investment HouseInvestment Firm23,000,000,000
Oryzn CapitalVenture Capital0
Samsung NEXTCorporate Venture Capital0
Sapphire VenturesVenture Capital8,800,000,000
StripesVenture Capital3,000,000,000
The Private Shares FundInvestment Firm0
Third Point VenturesInvestment Firm14,800,000,000
Titan Capital PartnersPrivate Equity0
Tony ChenAngel0
Vertex GrowthVenture Capital290,000,000
Vertex VenturesVenture Capital1,000,000,000
Vintage Investment PartnersInvestment Firm, Venture Capital2,812,000,000
Viola VenturesVenture Capital1,275,000,000

10

Our live solution harnesses artificial intelligence to help organizations maximize the potential of their audio and video files for real-time results. Built on adaptive algorithms, this AI technology generates the most detailed speech-to-text files, providing 99% accuracy at record-breaking speed. Verbit incorporates the latest advances in deep learning, neural networks, and natural language understanding into an adaptive learning cycle that trains our algorithm to improve accuracy over time. This AI-based automatic-speech-recognition is utilized by universities for their courses, for media companies in need of transcription and captions as well as in the enterprise setting by individuals who need written records of correspondences. In all of these environments, the AI provides users with accessibility to create more inclusive experiences that meet their needs.

Verbit has $100m exposure to SVB

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