Verbit Overview

  • Founded
  • 2017
Founded
  • Status
  • Private
  • Employees
  • 350
Employees
  • Latest Deal Type
  • Series D
  • Latest Deal Amount
  • $157M
Latest Deal Amount
  • Investors
  • 26

Verbit General Information

Description

Developer of interactive transcription and captioning platform intended to generate detailed speech-to-text files. The company utilizes Automated Speech Recognition (ASR) technology to transform both live and recorded video and audio into captions and transcripts for the education, legal, media, and enterprise industries, thereby enabling organizations to maximize the potential of the audio and video files by making information searchable, accessible and actionable.

Contact Information

Website
www.verbit.ai
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Business/Productivity Software
Other Industries
Communication Software
Primary Office
  • 980 6th Avenue
  • New York, NY 10018
  • United States

Verbit Timeline

2018201920202021
Financing RoundFinancing RoundCaptured Employee CountEstimated Employee Growth
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Verbit Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Later Stage VC (Series D) 08-Jun-2021 $157M 00000 000 Completed Generating Revenue
7. Later Stage VC (Series C) 19-Nov-2020 0000 00000 00000 Completed Generating Revenue
6. Early Stage VC (Series B) 15-Jan-2020 0000 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 25-May-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
To view Verbit’s complete valuation and funding history, request access »

Verbit Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series D 000,000 00.000000 0000.00 0000.00 00 0000.00 000
Series C 000,000 00.000000 000.00 000.00 00 000.00 00.000
Series B1 0,000 00.000000 000.00 000.00 00 000.00 0.000
Series B 000,000 00.000000 000.0 000.0 00 000.0 00.000
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 00.00
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 5 416,058 $0.010000 $5.41 $5.41 1x $5.41 6.96%
Seed 4 20,482 $0.010000 $9.66 $9.66 1x $9.66 0.34%
To view Verbit’s complete cap table history, request access »

Verbit Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of interactive transcription and captioning platform intended to generate detailed speech-to-text files. The c
Business/Productivity Software
New York, NY
350 As of 2021
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London, United Kingdom
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000.00
00.00 0000-00-00
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Dallas, TX
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Verbit Competitors (13)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Trint Venture Capital-Backed London, United Kingdom 000 000.00 00000000000 000.00
000000000 Formerly VC-backed Dallas, TX 00 000 000000 - 000 000
00000000 00000 Corporate Backed or Acquired Syracuse, NY 0 000000&0
00000.00 Venture Capital-Backed Mountain View, CA 00 0000 00000000000 0000
000 00000000000 Corporate Backed or Acquired Farmingdale, NY 00 000000&0
You’re viewing 5 of 13 competitors. Get the full list »

Verbit Patents

Verbit Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20210074272-A1 Human resolution of repeated phrases in a hybrid transcription system Pending 06-Sep-2019 000000000
US-10726834-B1 Human-based accent detection to assist rapid transcription with automatic speech recognition Active 06-Sep-2019 000000000 00
US-10665241-B1 Rapid frontend resolution of transcription-related inquiries by backend transcribers Active 06-Sep-2019 000000000 00
US-10614810-B1 Early selection of operating parameters for automatic speech recognition based on manually validated transcriptions Active 06-Sep-2019 000000000 00
US-10614809-B1 Quality estimation of hybrid transcription of audio Active 06-Sep-2019 G06F40/30 00

Verbit Executive Team (10)

Name Title Board Seat Contact Info
Tom Livne Co-Founder, Chief Executive Officer & Board Member
Sagi Rothman Chief Financial Officer
Ariel Utnik Chief Operating Officer & General Manager
Jasper Masemann Advisor
You’re viewing 4 of 10 executive team members. Get the full list »

Verbit Board Members (8)

Name Representing Role Since
Jayendra Das Sapphire Ventures Board Member 000 0000
Ronen Nir Viola Ventures Board Member 000 0000
Saagar Kulkarni Stripes Board Member 000 0000
Tom Livne Verbit Co-Founder, Chief Executive Officer & Board Member 000 0000
Yanai Oron Vertex Ventures Israel Board Member 000 0000
You’re viewing 5 of 8 board members. Get the full list »

Verbit Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Verbit Investors (26)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Azura Family Office Minority 000 0000 000000 0
Icon Fund Venture Capital Minority 000 0000 000000 0
More Capital Asset Manager Minority 000 0000 000000 0
Omer Cygler Angel (individual) Minority 000 0000 000000 0
Third Point Asset Manager Minority 000 0000 000000 0
You’re viewing 5 of 26 investors. Get the full list »

Verbit Acquisitions (1)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000 11-May-2021 000000000000000000 Media and Information Services (B2B) 000 00000
To view Verbit’s complete acquisitions history, request access »

Verbit Subsidiaries (1)

Company Name Industry Location Founded
00000 Media and Information Services (B2B) Greenwood Village, CO 0000
To view Verbit’s complete subsidiaries history, request access »