Verbit.ai
- Market Valuation$1 B2021-06-08
- Total Funding$282 M
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.
| Type | Private | |
| Founded | 2017 | |
| HQ | Palo Alto, CA, US | Map |
| Website | verbit.ai | |
| Employee Ratings |
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
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 | Sapphire Ventures, Vintage Investment Partners, Oryzn Capital, HV Holtzbrinck Ventures, Vertex Ventures, ClalTech, Viola Ventures, Third Point, Vertex Growth Fund, Stripes, Vertex Growth, HV Capital, HV Ventures, More Capital, Omer Cygler, Azura, ICON |
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.
Verbit.ai Revenue
Market valuation | 1.0b |
- Source: Finsmes June 2021
Verbit.ai Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| U.S. Captioning Company |
Verbit.ai Cybersecurity Score
Verbit.ai Online and Social Media Presence
1.46k Twitter followers
Verbit.ai has 1.46k Twitter Followers. The number of followers has increased 2.1% month over month and increased 10.4% quarter over quarter
Verbit.ai's Trends
Twitter Engagement Stats for @verbit_
1.1k
Tweets
265
Following
1.5k
Followers
4
Tweets last 30 days
4
Avg. likes per Tweet
100%
Tweets with engagement
Verbit.ai News and Updates
June 08, 2021
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…
January 29, 2019
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
June 23, 2022
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…
June 21, 2022
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…
June 15, 2022
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…
June 10, 2022
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…
June 02, 2022
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…
May 29, 2022
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…
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.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies