Business Overview
2016
Founded
1630
Team
$571M
Funding
Series E
Funding Stage
9
# Rounds
22
# Investors
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.
Founders (3)
Name | Title | Contact | |
---|---|---|---|
![]() | ㅤEric Shellef | CTO | 1 |
![]() | ㅤTom Livne | CEO | 1 |
![]() | ㅤKobi Ben Tzvi | VP of Engineering and Board Member | 1 |
Board and Advisors (13)
Name | Title | Contact | |
---|---|---|---|
![]() | ㅤKobi Ben Tzvi | VP of Engineering… | 1 |
![]() | ㅤHock Chuan Tam | Board Observer | |
![]() | ㅤSaagar Kulkarni | Partner and Board… | 1 |
![]() | ㅤYaniv Jacobi | Managing Partner … | 1 |
![]() | ㅤCasber Wang | Board Member |
Funding Rounds (9)
Round | Date Announced | Investors | |
---|---|---|---|
![]() | ㅤVerbit raises $150 million | November 23, 2021 | 8 |
![]() | ㅤVerbit raises $100 million | November 23, 2021 | 7 |
![]() | ㅤVerbit raises $157 million series D | June 8, 2021 | 13 |
![]() | ㅤVerbit raises $37 million debt | June 8, 2021 | 1 |
![]() | ㅤVerbit raises $60 million series C | November 19, 2020 | 6 |
M&A Events (4)
Title | Date Announced | Amount ($) | |
---|---|---|---|
![]() | ㅤVerbit acquires U.S. Captioning Company | May 2022 | 0 |
![]() | ㅤVerbit acquires Take Note | March 2022 | 0 |
![]() | ㅤVerbit acquires Automatic Sync Technologies (AST) | December 2021 | 0 |
![]() | ㅤVerbit acquires VITAC for $50 million | May 2021 | 50,000,000 |
Investors (25)
Investor Name | Investor Type | AUM ($) | |
---|---|---|---|
![]() | ㅤ40North | Corporate Venture Capital | 0 |
![]() | ㅤAccess Industries | Investment Firm | 0 |
![]() | ㅤATOORO FUND | Family Office | 0 |
![]() | ㅤAzura | Investment Firm | 0 |
![]() | ㅤClaltech | Corporate Venture Capital | 0 |
![]() | ㅤDisruptive AI | Venture Capital | 0 |
ㅤHV Capital | 1,100,000,000 | ||
![]() | ㅤHV Capital | Venture Capital | 1,100,000,000 |
ㅤICON | 0 | ||
![]() | ㅤICON | Accelerator | 11,600,000 |
ㅤICON Fund | Venture Capital | 0 | |
![]() | ㅤLion Investment Partners | Venture Capital | 0 |
![]() | ㅤMore Investment House | Investment Firm | 23,000,000,000 |
![]() | ㅤOryzn Capital | Venture Capital | 0 |
![]() | ㅤSamsung NEXT | Corporate Venture Capital | 0 |
![]() | ㅤSapphire Ventures | Venture Capital | 8,800,000,000 |
![]() | ㅤStripes | Venture Capital | 3,000,000,000 |
![]() | ㅤThe Private Shares Fund | Investment Firm | 0 |
![]() | ㅤThird Point Ventures | Investment Firm | 14,800,000,000 |
![]() | ㅤTitan Capital Partners | Private Equity | 0 |
![]() | ㅤTony Chen | Angel | 0 |
![]() | ㅤVertex Growth | Venture Capital | 290,000,000 |
![]() | ㅤVertex Ventures | Venture Capital | 1,000,000,000 |
![]() | ㅤVintage Investment Partners | Investment Firm, Venture Capital | 2,812,000,000 |
![]() | ㅤViola Ventures | Venture Capital | 1,275,000,000 |
Patents (4)
Research Publications (0)
Certifications (0)
AI Technology Stack
10
AI Team
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.
News
Verbit has $100m exposure to SVB |
Jobs (0)