About Verbit
Verbit is a company based in New York (United States) founded in 2017 by Tom Livne. Verbit has raised $532 million across 9 funding rounds from investors including European Union, BlackRock TCP Capital and Azura Partners. Verbit has completed 5 acquisitions, including Automatic Sync, Take 1 and Take Note. Verbit offers products and services including Captioning Service, Transcription Service, Audio Description, Translation Service, and Note Taking. Verbit operates in a competitive market with competitors including Otter.ai, Deepgram, Descript, 3Play Media and YITU, among others.
- Headquarter New York, United States
- Founders Tom Livne
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Verbit, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$532 M (USD)
in 9 rounds
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Latest Funding Round
$250 M (USD), Series E
Nov 23, 2021
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Investors
European Union
& 22 more
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Employee Count
Not available
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Investments & Acquisitions
Automatic Sync
& 4 more
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Products & Services of Verbit
Verbit offers a comprehensive portfolio of products and services, including Captioning Service, Transcription Service, Audio Description, Translation Service, and Note Taking.
Delivers live and recorded captioning for media content.
Provides accurate audio transcription with actionable insights.
Offers descriptions of visual elements for accessibility.
Supports translation in over 50 languages for content.
Generates immediate drafts and final notes from audio.
Enables global reach through content dubbing.
People of Verbit
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Legal and Compliance
20 people
Leadership Team
14 people
Transcriptionist Team
14 people
Software Development Team
13 people
Human Resources and Administration
5 people
Product Management Team
5 people
Transcriber Team
4 people
Transcription Team
3 people
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Funding Insights of Verbit
Verbit has successfully raised a total of $532M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $250 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Verbit
Verbit has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include European Union, BlackRock TCP Capital and Azura Partners.
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Corporate-backed venture capital is focused on fintech and multiple sectors.
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Venture capital firm partnering with enterprise software companies and early-stage funds.
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Early-stage AI startups are funded by Disruptive AI.
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Investor details for Verbit
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Verbit
Verbit has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Automatic Sync, Take 1 and Take Note.
Investment portfolio details for Verbit
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of language transcription services
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Language services are provided by Automatic Sync since 2004.
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Captioning services are provided to the entertainment industry.
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Locked | Locked | 1999 | Locked |
Complete acquisition details for Verbit
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- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - Verbit
Detailed financials for Verbit
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- Historical revenue
- Profit trends
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Verbit Comparisons
Peer comparison for Verbit
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Verbit
Verbit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Otter.ai, Deepgram, Descript, 3Play Media and YITU, among others.
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AI-based voice transcription for meetings is provided via cloud software.
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AI-based speech transcription software is provided using deep learning models.
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Automated transcribing solution provider for audio files
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Captioning, transcription, and translation solutions are supplied to enterprises.
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AI-based decision intelligence platforms are provided for multiple sectors.
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Detailed competitors of Verbit
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- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Verbit
Complete news archive for Verbit
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Verbit
Verbit was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Verbit is headquartered in New York, United States. It is registered at New York, New York, United States.
Yair Amsterdam is the current CEO of Verbit.
Verbit is a funded company, having raised a total of $532M across 9 funding rounds to date.
Verbit was founded in 2017 in New York, United States, as a provider in the AI and natural language processing sector. A cloud-based platform leveraging deep learning neural networks is offered for building speech recognition applications. These are applied in areas such as court reporting, depositions, education for disabilities, distance learning, media production, and business analysis, with operations centered in the U.S.
Verbit offers Captioning Service, Transcription Service, Audio Description, Translation Service, and 2 more products and services.
Verbit has made 5 acquisitions, including Automatic Sync, Take 1, and Take Note.
Verbit has 23 investors. Key investors include European Union, BlackRock TCP Capital, Azura Partners, Third Point Ventures, and Sapphire Ventures.
The valuation of Verbit is $2B as of Nov 2021.