202123 Nov

Verbit, the World's Leading Voice AI Platform, Raises $250 Million Series E, Achieving a $2 Billion Valuation in Less Than 5 Years

Summary

"This funding round is a vote of confidence in our ability to solidify our position as the market leader within the transcription space," said Tom Livne, CEO and Founder of Verbit. "We built a powerful technological platform to modernize this industry and our strategy to build vertically integrated, voice AI solutions has brought tremendous value to our customers and enabled their businesses to become more accessible." The companys in-house, AI-based Automated Speech Recognition (ASR) technology, coupled with its human transcriber network, offers customers high-quality, word-for-word, interactive and collaborative transcripts and captions. Businesses, legal agencies, universities and others can leverage Verbits customizable solution, which meets ADA, FCC, and privacy compliance standards. Verbit has over 470 employees based in New York, Colorado, Pittsburgh, Palo Alto, Canada, Tel Aviv and Kyiv and employs over 600 captioners and more than 35,000 transcribers globally.

Source: Prnewswire

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