# TranscribeMe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/transcribeme

- Industry: Software
- Headquarters: Berkeley, US
- Website: www.transcribeme.com
- Total disclosed funding: $7.6M
- Latest round: Seed (Jul 15, 2016)
- Investors on record: 7

## About

TranscribeMe offers advanced transcription services that integrate artificial intelligence with human expertise, ensuring high-quality and precise transcripts for various industries, including legal and medical.TranscribeMe specializes in transcription services, focusing on high-quality audio and video content conversion into written records. Founded by Danijel Duvnjak and María Morillo, the company is headquartered in Berkeley, US. The latest funding round occurred on July 15, 2016, when TranscribeMe raised USD 6.71 mn in a Seed funding round from investors including 137 Ventures and Keiretsu Capital. The company has raised a total of USD 6.71 mn and is currently valued at USD 17.648 mn.TranscribeMe specializes in providing transcription services that combine advanced artificial intelligence with human expertise to deliver high-quality transcripts. Their core offerings include accurate transcription and translation services, data annotation, and the creation of custom datasets for AI model training. These services are utilized by professionals across various industries, including legal, medical, technology, and education, facilitating the conversion of audio and video content into precise written records. By ensuring compliance with standards such as HIPAA and GDPR, TranscribeMe serves a broad client base, including over 2,500 organizations worldwide. Their products are accessible to customers in diverse geographical markets, including North America, Europe, and Asia, enabling them to address challenges in qualitative research, market analysis, and educational support.TranscribeMe generates revenue through a structured service model that includes per-minute pricing for transcription, automated transcription services, and data annotation tasks. Clients are billed based on the volume of work, with costs starting at USD 0.79 per minute for standard transcription services and USD 0.07 per minute for automated transcription. Additionally, specialized services such as AI training datasets and translation are offered at competitive rates, starting at USD 2.00 per minute and USD 0.11 per word, respectively. The transactions primarily follow a B2B model, where businesses engage directly with TranscribeMe for tailored solutions or high-volume projects.In May 2016, TranscribeMe raised USD 6.71 mn of Seed venture funding to support its growth initiatives. The funds are expected to be utilized for the development of new products, expanding their service offerings in transcription and data annotation. The company is targeting expansion into new geographic markets, focusing on regions such as Latin America and the Asia-Pacific by 2023, to enhance their accessibility and cater to a broader audience.

## Funding rounds

- Seed, Jul 15, 2016, $6.7M — 137 ventures, Keiretsu Capital
- Angel, Nov 29, 2012, $0.9M — Frontiers Capital, True Ventures, TA Ventures, Sierra Angels, Maverick Angels

## Investors

- Frontiers Capital — Angel
- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Angel
- TA Ventures (https://capitalatlas.ai/funds/ta-ventures) — Angel
- Sierra Angels — Angel
- Maverick Angels — Angel
- 137 ventures (https://capitalatlas.ai/funds/137-ventures) — Seed
- Keiretsu Capital (https://capitalatlas.ai/funds/keiretsu-capital) — Seed