What is Verbit?
Founded in 2017, Verbit operates at the intersection of artificial intelligence and human intelligence to deliver advanced transcription and captioning solutions. The company's proprietary technology aims to provide highly accurate and efficient services for a wide range of industries, including media, legal, and education. Verbit's commitment to leveraging cutting-edge AI, coupled with human oversight, positions it as a leader in the rapidly evolving field of automated content accessibility and intelligence.
How much funding has Verbit raised?
Verbit has raised a total of $532M across 6 funding rounds:
Angel/Seed
$11M
Series A
$23M
Series B
$31M
Series C
$60M
Series D
$157M
Series E
$250M
Angel/Seed (2018): $11M with participation from Oryzn Capital
Series A (2019): $23M led by HV Ventures, Vintage Investment Partners, Oryzn Capital, Vertex Ventures, Viola Group, and Claltech
Series B (2020): $31M supported by ClalTech, HV Ventures, Stripes, Vertex Ventures, Oryzn Capital, and Viola Group
Series C (2020): $60M featuring ClalTech, HV Ventures, Vertex Ventures, Sapphire Ventures, Stripes, and Vertex Growth
Series D (2021): $157M backed by Viola Group, Oryzn Capital, Claltech, Azura, Vertex Growth Fund, HV Capital, Third Point, Stripe, Vertex Ventures, ICON Capital, Omer Cygler, Sapphire Ventures, and More Capital Group
Series E (2021): $250M with participation from Third Point and Sapphire Ventures
Key Investors in Verbit
Third Point
Third Point Management is a New York-based hedge fund founded by Daniel S. Loeb in 1995, primarily investing in public equity, fixed income, and ADR markets.
Sapphire Ventures
Sapphire Ventures is a venture capital firm focused on investing in and providing services to technology companies, based in Palo Alto, California.
Vertex Ventures
Vertex Ventures US is an early-stage venture capital firm that supports founders creating a smarter digital economy through B2B software, focusing on early-stage infrastructure and SaaS companies.
What's next for Verbit?
With its recent significant capital injection, Verbit is poised for accelerated growth and market penetration. The company is likely to focus on enhancing its AI capabilities, expanding its service offerings, and potentially exploring strategic acquisitions to solidify its position as a global leader in transcription and captioning. This latest round of financing signals strong investor confidence in Verbit's business model and its potential to disrupt traditional workflows with intelligent automation, paving the way for further scaling and technological advancements.
See full Verbit company page
