Verbit

Verbit Overview

  • Founded
  • 2016
Founded
  • Status
  • Private
  • Employees
  • 102
Employees
  • Latest Deal Type
  • Series B
  • Latest Deal Amount
  • $31M
Latest Deal Amount
  • Investors
  • 14

Verbit General Information

Description

Provider of a transcription and captioning platform intended to generate detailed speech-to-text files. The company's platform leverages artificial and human intelligence to provide smart transcription and captioning services, built on adaptive algorithms, as well as the technology generates detailed speech-to-text files to provide over 99% accuracy, delivered at speed, enabling customers to maximize the potential of their audio and video files by making information searchable, accessible and actionable.

Contact Information

Website
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Business/Productivity Software
Other Industries
Media and Information Services (B2B)
Social/Platform Software
Primary Office
  • 404 5th Avenue
  • New York, NY 10018
  • United States
+1 (718) 000-0000

Verbit Timeline

2017201820192020
Date FoundedFinancing RoundCaptured Employee CountEstimated Employee Growth
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Verbit Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Early Stage VC (Series B) 15-Jan-2020 $31M 0000 00000 Completed Generating Revenue
5. Early Stage VC (Series A) 30-Jan-2019 0000 0000 0000 Completed Generating Revenue
4. Accelerator/Incubator 26-Jun-2018 0000 Completed Generating Revenue
3. Seed Round 29-Mar-2018 0000 0000 0000 Completed Generating Revenue
2. Grant 15-Dec-2017 $59.1K Completed Generating Revenue
1. Accelerator/Incubator 16-Oct-2017 Completed Generating Revenue

Verbit Cap Table

To view Verbit‘s complete cap table, request access »
Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series B 000,000 00.000000 000.0 000.0 00 000.0 00.000
Series B1 0,000 00.000000 000.00 000.00 00 000.00 0.000
Series A1 0,000 00.000000 000.00 000.00 00 000.00 0.000
Series A 000,000 00.000000 000.00 000.00 00 000.00 00.000
Seed 7 00,000 00.000000 00.00 00.00 00 00.00 0.000
Seed 6 000,000 00.000000 000.0 000.0 00 000.0 0.000
Seed 5 000,000 00.000000 00.00 00.00 00 00.00 0.000
Seed 4 00,000 00.000000 00.00 00.00 00 00.00 0.000
Seed 3 23,000 $0.010000 $4.55 $4.55 1x $4.55 0.53%
Seed 2 120,000 $0.010000 $3.36 $3.36 1x $3.36 2.76%

Verbit Competitors (23)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing
Amount
Voci Formerly VC-backed Pittsburgh, PA 00 000.00 000000&0 000.00
000000000 Venture Capital-Backed Irving, TX 000 00000000000 000
00000000 Venture Capital-Backed Lehi, UT 00 000.00 0000000000 0 000.00
000000000 Venture Capital-Backed Waltham, MA 000 00000 00000000000 00000
00000000 Private Equity-Backed Merelbeke, Belgium 00 00.000 000000000000 00.000

Verbit Executive Team (8)

Name Title Board Seat Contact Info
Tom Livne Co-Founder, Chief Executive Officer & Board Member
Ronnen Armon Chief Operating Officer
Iris Getz Chief Strategy Officer
Eric Shellef Co-Founder, Chief Technology Officer & Board Member
Ariel Utnik Chief Revenue Officer & General Manager

1 Former Executive

Verbit Board Members (8)

To view Verbit‘s full board member team, request access »
Name Representing Role Since
Eric Shellef Verbit Co-Founder, Chief Technology Officer & Board Member 000 0000
Jasper Masemann HV Holtzbrinck Ventures Board Member 000 0000
Kobi Ben-Tzvi Verbit Co-Founder, Vice President of Engineering & Board Member 000 0000
Ronen Nir Viola Ventures Board Member 000 0000
Saagar Kulkarni Stripes Board Member 000 0000

Verbit Investors (14)

To view Verbit‘s full investor history, request access »
Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Stripes Growth/Expansion Minority 000 0000 000000 0
ClalTech Venture Capital Minority 000 0000 000000 0
Vintage Investment Partners Venture Capital Minority 000 0000 000000 0
Viola Ventures Venture Capital Minority 000 0000 000000 0
Oracle Corporation Minority 000 0000 000000 0

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