Verbit.ai

OverviewSuggest Edit

VerbIT has developed a cutting edge transcription and caption technology. VerbIT’s transcription solution uses a combination of AI technologies to achieve accuracy and speed, at a scale large enough to make the world’s audio and video content accessible to everyone.

TypePrivate
Founded2017
HQPalo Alto, CA, US
Websiteverbit.ai
Employee Ratings4

Latest Updates

Employees (est.) (Jun 2022)1,575(+2%)
Job Openings27
Cybersecurity ratingBMore
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Verbit.ai Office Locations

Verbit.ai has offices in Palo Alto, New York and Tel Aviv-Yafo
Palo Alto, CA, US (HQ)
3921 Fabian Way
New York, NY, US
404 5th Ave
New York, NY, US
980 6th Ave
Tel Aviv-Yafo, IL
Yigal Alon St 94
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Verbit.ai Financials and Metrics

Summary Metrics

Founding Date

2017

Verbit.ai total Funding

$282 m

Verbit.ai latest funding size

$157 m

Time since last funding

a year ago

Verbit.ai investors

Verbit.ai's latest funding round in June 2021 was reported to be $157 m. In total, Verbit.ai has raised $282 m. Verbit.ai's latest valuation is reported to be $1 b.
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Verbit.ai Revenue

Market valuation

1.0b
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Verbit.ai Operating Metrics

Verbit.ai's Enterprise Customers was reported to be 150 in Jan, 2020.
Jan, 2019Jan, 2020

Enterprise Customers

100150

Transcribers

15 k

Verbit.ai Acquisitions / Subsidiaries

Company NameDateDeal Size
U.S. Captioning Company

Verbit.ai Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Verbit.ai Online and Social Media Presence

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Verbit.ai News and Updates

AI transcription startup Verbit.ai becomes a unicorn with $157M funding round

Artificial intelligence-powered transcription and captioning platform provider Verbit Software Ltd. has risen to “unicorn” status after landing a $157 million round of funding. Sapphire Ventures led the Series D round, announced today, with participation from new investors such as Third Point, More…

Verbit.ai raises $23 million to automate transcription and captioning

Verbit.ai, an AI-driven transcription and captioning service with over 100 customers, announced that it has raised $23 million in a Series A round.

Verbit.ai Blogs

Verbit Awarded 2022 “Best Speech to Text Solution” by AI Breakthrough

Verbit is proud to announce that it has been honored with the 2022 ‘Best Speech to Text Solution’ award by the AI Breakthrough Awards program. This year’s program attracted more than 2,950 nominations from over 18 different countries throughout the world.  This award marks the second time that Verbi…

Zoom Transcription Services

Zoom Transcription Services  –  As Zoom continues to climb in popularity and the business world learns to function in a hybrid work environment, the need for transcription and the captioning of video calls occurring on the platform is becoming increasingly important. To put this sentiment into persp…

How Insurance Transcription is Vital to Detect and Avoid Fraud

In the US alone, fraudulent claims total approximately $80 billion per year. It is vital that companies take action early on to detect and prevent fraud to avoid losses. Insurance transcription is one method today’s companies can enlist to prevent these issues from occurring. Reliable and accurate i…

The Essential Guide to Focus Group Transcription

Focus groups are an invaluable research tool to many. Companies are using focus group data to influence important business decisions. If you’re already putting in great time, effort and investment to gather individuals and source insights, you also need to ensure the preservation of that information…

Transcription Solutions for Qualitative Research

Leading corporations like Starbucks and Apple understand the value of listening to their customers. Market research helps these companies continue to bring new products to the market, grow and outperform their competitors. While quantitative research is valuable, digging into human motivations requi…

Vimeo Captioning: How Businesses Can Achieve Greater Audience Reach

It’s no secret that people are consuming more video content than ever before. As of 2022, the average person is predicted to spend 100 minutes per day watching videos online. 9 out of 10 viewers prefer to engage with the videos of brands and businesses over any other medium. This spike in demand for…
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Verbit.ai Frequently Asked Questions

  • When was Verbit.ai founded?

    Verbit.ai was founded in 2017.

  • How many employees does Verbit.ai have?

    Verbit.ai has 1,575 employees.

  • Who are Verbit.ai competitors?

    Competitors of Verbit.ai include Era Software, DataMola and Neurotech.

  • Where is Verbit.ai headquarters?

    Verbit.ai headquarters is located at 3921 Fabian Way, Palo Alto.

  • Where are Verbit.ai offices?

    Verbit.ai has offices in Palo Alto, New York and Tel Aviv-Yafo.

  • How many offices does Verbit.ai have?

    Verbit.ai has 4 offices.