What is Verbit?
Headquartered in New York, Verbit operates at the intersection of machine learning and professional linguistic services. By leveraging advanced speech recognition algorithms alongside a global network of human transcribers, the company delivers a smart, scalable solution for transcription, captioning, and translation. This hybrid model addresses the inherent limitations of pure-play AI, ensuring high-fidelity output for complex enterprise environments, including legal, educational, and corporate sectors. As the demand for accessible digital content continues to surge, Verbit's market position is bolstered by its commitment to operational efficiency and technological innovation.
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, Oryzn Capital, Viola Group, Claltech, Vintage Investment Partners, and Vertex Ventures
Series B (2020): $31M supported by Oryzn Capital, ClalTech, Stripes, Vertex Ventures, HV Ventures, and Viola Group
Series C (2020): $60M featuring ClalTech, Stripes, Vertex Growth, Sapphire Ventures, HV Ventures, and Vertex Ventures
Series D (2021): $157M backed by Third Point, Stripe, Sapphire Ventures, Vertex Growth Fund, More Capital Group, Oryzn Capital, Viola Group, Vertex Ventures, Azura, HV Capital, Omer Cygler, ICON Capital, and Claltech
Series E (2021): $250M with participation from Third Point and Sapphire Ventures
Key Investors in Verbit
Sapphire Ventures
Sapphire Ventures is a venture capital firm focused on investing in and providing services to technology companies. They are 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. They focus on partnering with and investing in early-stage infrastructure and SaaS companies, leveraging their experience as former founders and operators.
Viola Group
Viola Group is Israel's leading technology investment group, managing over $6 billion in assets and supporting transformational technology companies through a multi-strategy investment approach.
What's next for Verbit?
With the infusion of $250M, Verbit is well-positioned to accelerate its product roadmap and expand its global footprint. The strategic focus will likely center on deepening its AI capabilities to further reduce latency and improve accuracy, while simultaneously exploring new vertical markets that require high-compliance transcription services. By maintaining its momentum in the enterprise software space, Verbit aims to solidify its role as the primary engine for global accessibility, leveraging its robust capital base to pursue both organic growth and potential strategic acquisitions that align with its long-term vision of a more inclusive digital economy.
See full Verbit company page
