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..

Business Overview

Mar 2016
Date Founded
Active
Operating Status
Revenue Generating
Revenue Stage
B2B
Business Model
350
Employees

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.

Business Stage
Launched

Founders

Verbit
Eric Shellef
CTO & Co-Founder
Serial Entrepreneur
Verbit
Tom Livne
CEO & Co-Founder
AI Expert
View Email
Verbit
Kobi Ben Tzvi
VP of Engineering & Co-Founder
AI Expert
View Email

Board Members and Advisors

Verbit
Hock Chuan Tam
Board Observer
Verbit
Jasper Masemann
Board Advisor
Verbit
Tony Chen
Board Member
Verbit
Saagar Kulkarni
Board Member
Verbit
Casber Wang
Board Member
Verbit
Yanai Oron
Board Member
Verbit
Ronen Nir
Board Member
Verbit
Yossi Cohen
Board Advisor
Verbit
Tom Livne
Board Member
Verbit
Yaniv Jacobi
Board Member
Verbit
Kobi Ben Tzvi
Board Member
Verbit
Eldad Maniv
Board Member

Funding Rounds

$283 M

Total Funding

7

Funding Rounds
1.99x
Funding Growth
Series D
Last Funding Series

New wpDataTable

Date Announced

Funding Round

Amount Raised

Investors

Exit Events and Acquisitions

Date Announced

Transaction

Consideration

Target

Acquirer

May 2021
Startup Acquisition
$50 M
VITAC
Verbit

Revenues

Date

Revenue Type

Amount

2021
ARR
$100M

AI Technology Stack

5
AI Team Size
Horizontal AI
AI Application
AI Description

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.

ML Types
Semi-Supervised Learning, Supervised Learning

More Startups

AI Team Ratio
STATUS
Active
FUNDING STAGE
Seed
STATUS
Active
AI Team Ratio
STATUS
Active
FUNDING
$58 M
FUNDING STAGE
Series C
AI Team Ratio
STATUS
Active
FUNDING
$62.5 M
FUNDING STAGE
Series C
STATUS
Inactive
AI Team Ratio
STATUS
Active
STATUS
Active
FUNDING
$2.5 M
AI Team Ratio
STATUS
Active
FUNDING
$40 M
FUNDING STAGE
Series C
AI Team Ratio
STATUS
Active
FUNDING
$0.58 M
FUNDING STAGE
Seed
STATUS
Acquired
FUNDING
$6.8 M
FUNDING STAGE
Series B
STATUS
Active
AI Team Ratio
STATUS
Active
FUNDING STAGE
Seed
AI Team Ratio
STATUS
Acquired
AI Team Ratio
STATUS
Active
FUNDING
$76 M
FUNDING STAGE
Series D

Startup Snapshot

Operating Status
Active
AI Team Size
5
Total Funding
$283 Million
Founded
March 2016
Funding Stage
Series D
Time Since Last Funding Round
2 weeks
Revenues 2021
ARR
$100 Million

Competitors

BLEND (getblend.com) is a global localization service provider brought by the makers of One Hour ...

FEATURED VIDEO

INVESTMENT THESIS

Sign up for Pro

  • Export lists (CSV, Excel) of startups and investors
  • View newly added AI startups
  • View investor emails
  • View investment funds and rounds sources
  • Advanced filters, sorting and search
  • Starting at just $15 per month

Contact requested submitted

Your submission has been received.

Please allow us time to review your request. We’ll be in touch to get some more information and facilitate an introduction.

Sign up for free

  • Save profiles to your list
  • View all funding rounds
  • Advanced sorting filter access
  • Search investment rounds
  • Search exit events

Fundraising Contact

Submission Received

Thanks for your contribution.

Your edits are under review and will be visible soon.

Sign up for free

You reached your page view limit

  • Save profiles to your list
  • View all funding rounds
  • Advanced sorting filter access
  • Search investment rounds
  • Search exit events