Verbit
Latest round
- Series E
Last raised
- Nov 2021
Total raised
- $475M
Investors
- 20
About Verbit
Founded in 2017 by CEO Tom Livne and based in New York, US, Verbit Inc. provides software solutions that enable transcription analytics services and captioning through human and artificial intelligence. In November 2021, Verbit Inc. The Series E values Verbit Inc. at USD 2 billion post-money. Verbit serves more than 2000 customers across various sectors and industries. The company's clients include CNN, Fox, Disney, Coursera, Stanford, Harvard University, Amazon, Microsoft, and AT&T. In May 2021, Verbit acquired VITAC for USD 50 million. The company's solutions include Live captioning and real-time transcription, which provides live captioning for Zoom video calls. Legal transcription services, which provide accurately recorded courtroom transcription and real-time drafts during remote, digital proceedings. Audio and video captioning, and transcription, which provides word-for-word records of live and recorded meetings and events. Audio description, which provides descriptions of visual images for those with vision loss. The company generates revenue through its platform that works on a subscription-based pricing plan. It offers different packages which are education & disability needs package, distance learning & eLearning package, enterprise & general business package, media production package, and court reporting and depositions package. Each of the packages is divided into standard, professional, and premium plans. The company provides the pricing on request. Verbit also plans to pursue further M&A opportunities to add scale and new capabilities to enhance its value to media, education, corporate, legal, and government clients. The company also plans to make an initial public offering in 2022.
Who invested in Verbit
20 investors across 6 rounds
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Questions about Verbit
Who invested in Verbit?
Verbit has 20 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Verbit raised?
Verbit has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did Verbit last raise money?
Verbit's most recent round on record is a Series E, in Nov 2021.
What does Verbit do?
Founded in 2017 by CEO Tom Livne and based in New York, US, Verbit Inc.
Where is Verbit headquartered?
Verbit is headquartered in New York, US.
Which VCs invest in companies like Verbit?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Verbit's stage. Their profiles are linked below.
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