Verbit
Founded Year
2017Stage
Secondary Market | AliveTotal Raised
$532MRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-33 points in the past 30 days
About Verbit
Verbit specializes in artificial intelligence-based transcription and captioning services. The company offers a range of services, including live captioning, transcription, video and audio transcription, closed captioning, audio description, translation, and legal transcription. It primarily serves sectors such as corporate and general business, media production, education, digital and online learning, and legal. It was founded in 2017 and is based in New York, New York.
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ESPs containing Verbit
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The generative AI — call transcript analytics market focuses on analyzing and using unstructured audio from phone calls, video meetings, conference calls, sales interactions, support interactions, and videos. This market offers solutions that can transcribe audio accurately to gain insights into a business' customers and provide better customer experiences in terms of voice assistants, sales and s…
Verbit named as Leader among 14 other companies, including Speechmatics, AppTek, and Deepgram.
Verbit's Products & Differentiators
Live captioning & real-time transcription
Live captioning your Zoom calls offers more equitable viewing for individuals with disabilities and others by making live videos, courses, trainings, meetings and events accessible. With leading AI real time captioning, transcription and CART services, Verbit offers live captions and transcripts to all viewers seamlessly.
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Research containing Verbit
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Verbit in 1 CB Insights research brief, most recently on Mar 8, 2022.
Expert Collections containing Verbit
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Verbit is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,258 items
Artificial Intelligence
7,212 items
Verbit Patents
Verbit has filed 14 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/7/2019 | 10/26/2021 | Speech recognition, Computational linguistics, Artificial intelligence applications, Natural language processing, Phonetics | Grant |
Application Date | 10/7/2019 |
|---|---|
Grant Date | 10/26/2021 |
Title | |
Related Topics | Speech recognition, Computational linguistics, Artificial intelligence applications, Natural language processing, Phonetics |
Status | Grant |
Latest Verbit News
Jan 20, 2025
Legal AI pioneer Luminance has appointed Martina King as Chair of the company. She is currently CEO of Featurespace, a machine learning business that helps stop financial crime. The move follows a busy 2024, where the UK-based company gained a $40m raise and saw rapid revenue growth. The company has also gone all-in on genAI, as well as moving much of its focus toward inhouse legal teams. Recently they launched several new AI features, including one to speed up contract negotiations. Luminance has also opened new offices in San Francisco and Toronto. Last year, the company’s creator and initially its main financial backer, Mike Lynch, was killed in a freak incident on his yacht in the Mediterranean. All in all, it’s been quite a roller-coaster for the company. Meanwhile, King was named 2024’s ‘Tech Businesswoman of the Year’ at the UK Tech Awards. According to her LinkedIn profile she has worked over the years at Yahoo and also started out in her professional life working in advertising at the Guardian. Eleanor Lightbody, CEO of Luminance, said: ‘Martina is an exceptional leader whose experience in scaling technology businesses within rapidly evolving markets will be invaluable as we continue to expand Luminance. ‘Both of our companies, born in Cambridge, share a strong commitment to innovation and a rich history of developing ground-breaking technologies out of the UK.’ King added: ‘I’m thrilled to join Luminance at such a pivotal moment in its journey. The company’s impressive achievements in 2024 are a testament to the strength of its leadership and market impact. I look forward to bringing my experience in AI and scaling tech companies to help guide Luminance as it continues to redefine the legal sector.’ – In other board role news, Jeroen Plink, the well-known legal tech developer, has joined Verbit’s board. Verbit focuses on legal transcription. Share this:
Verbit Frequently Asked Questions (FAQ)
When was Verbit founded?
Verbit was founded in 2017.
Where is Verbit's headquarters?
Verbit's headquarters is located at 169 Madison Avenue, New York.
What is Verbit's latest funding round?
Verbit's latest funding round is Secondary Market.
How much did Verbit raise?
Verbit raised a total of $532M.
Who are the investors of Verbit?
Investors of Verbit include CrossWork, Sapphire Ventures, Vertex Growth, More Capital, Samsung NEXT and 22 more.
Who are Verbit's competitors?
Competitors of Verbit include Nagish, Sherpany, Ava, Otter.ai, Trint and 7 more.
What products does Verbit offer?
Verbit's products include Live captioning & real-time transcription and 4 more.
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Compare Verbit to Competitors
Otter.ai specializes in AI-powered note-taking and transcription services for various sectors. The company offers an AI Meeting Assistant that provides real-time transcription, automated meeting summaries, and action item extraction. Otter.ai primarily serves sectors such as business, sales, education, and media. Otter.ai was formerly known as AISense Inc. It was founded in 2016 and is based in Mountain View, California.
Rev is a speech technology company that provides speech-to-text solutions across various sectors. The company offers services, including asynchronous and streaming speech-to-text APIs, human transcription, language identification, sentiment analysis, and topic extraction. Rev's technology converts spoken words into transcripts, summaries, and insights for businesses and developers integrating speech recognition into their applications. Rev was formerly known as Rev.com. It was founded in 2010 and is based in Austin, Texas.
Myna provides audio recording and transcription services within the technology sector. The company offers a solution for recording and transcribing meetings without the need for cloud storage, focusing on local data handling. Its products are designed for meeting documentation. It is based in London, England.
Deepgram specializes in artificial intelligence (AI). It focuses on understanding human language. The company offers services such as converting speech into text and summarizing audio or video content using AI language models. It primarily caters to sectors that require transcription and understanding of audio content, such as contact centers and media transcription. It was founded in 2015 and is based in San Francisco, California.
3Play Media provides closed captioning, transcription, and audio descriptions to customers in higher education, enterprise, entertainment, and government. It simplifies the process of making videos accessible through APIs, integrations with video players and platforms, plugins, and an online account system. The company was founded in 2007 and is based in Boston, Massachusetts.
Fireflies.ai specializes in AI-driven notetaking and analytics for various meeting platforms within the productivity tools sector. The company offers services that include transcribing meetings, summarizing conversations, and analyzing meeting content for actionable insights. Fireflies.ai caters to sectors such as sales, engineering, recruiting, and education, among others. It was founded in 2015 and is based in San Francisco, California.
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