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..

AI Enablers, Artificial Intelligence, Contextual Speech Recognition
Artificial Intelligence Deep Learning Machine Learning

Business Overview

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. Verbit’s CART technology is transformative for many industries, namely higher education, legal, and media. For example, Verbit’s 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. Verbit’s 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. Verbit’s 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.

Operating Status
Active
Founded
March 2016
Employees
100
Business model
B2B
Offering type
Software
Funding stage
Series C
Business stage
Launched
Total funding
$125 Million
Sectors
AI Enablers, Artificial Intelligence, Contextual Speech Recognition, Conversational AI, Education, Enterprise, Legal, Media, Speech, Speech Activated, Transcription

Founders

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

Funding Rounds

Calculated as the average ratio between the current funding round amount raised and the previous funding round amount raised. Note that 'plus' rounds are summed together. i.e. Series A = Series A and Series A+.
Funding Growth Multiple
2.0x

New wpDataTable

Date Announced

Funding Round

Amount Raised

Investors

AI Technology Stack

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.

AI employees
5
AI application
Horizontal AI
AI types
Artificial Intelligence, Deep Learning, Machine Learning, Natural Language Processing
ML types
Semi-Supervised Learning, Supervised Learning

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