Verbit

Verbit, founded in 2017, is a New York-based company specializing in AI-powered transcription and captioning services. Their platform combines advanced automatic speech recognition (ASR) technology with a network of professional transcribers to deliver high-accuracy transcripts and captions for industries such as education, legal, media, and enterprise. Verbit’s solutions enhance accessibility, compliance, and engagement by providing real-time and post-production transcription and captioning services.

The company has attracted significant investment from various venture capital firms and strategic investors. In November 2021, Verbit raised $250 million in a Series E funding round led by Third Point Ventures, with participation from existing investors Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, 40North, Samsung Next, and TCP. This brought their total funding to over $550 million and valued the company at $2 billion.

Verbit’s uniqueness lies in its hybrid approach that combines AI-driven transcription with human editing to achieve over 99% accuracy. Their platform is designed to handle complex transcription needs, including multiple speakers, accents, and background noise, making it suitable for various professional settings. By integrating AI with human expertise, Verbit addresses challenges such as scalability, speed, and accuracy in transcription and captioning, providing reliable solutions for organizations aiming to improve accessibility and compliance.

Within the realm of artificial intelligence, Verbit operates in the category of Speech Recognition and Natural Language Processing (NLP). Their technology leverages machine learning algorithms to transcribe spoken language into text, facilitating applications in transcription, captioning, and real-time communication services.

Verbit is based in New York, New York, USA. Specializing in the AI industry, Verbit pioneers innovative solutions and advancements in artificial intelligence. Verbit, funded over $100 million, is well-positioned to drive significant impact and growth in the AI sector. For more information, please visit verbit.ai.

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