Verbit.ai Revenue and Competitors

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Location

$569M

Total Funding

AI

Industry

Estimated Revenue & Valuation

  • Verbit.ai's estimated annual revenue is currently $338.5M per year.(i)
  • Verbit.ai received $23.0M in venture funding in January 2019.
  • Verbit.ai's estimated revenue per employee is $200,200
  • Verbit.ai's total funding is $569M.
  • Verbit.ai's current valuation is $2B. (November 2021)

Employee Data

  • Verbit.ai has 1691 Employees.(i)
  • Verbit.ai grew their employee count by 14% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$9M69N/AN/AN/A
#2
$26.7M13020%$14.3MN/A
#3
$37.5M2358%N/AN/A
#4
$0.7M9N/AN/AN/A
#5
$4.9M42N/AN/AN/A
#6
$1.7M2414%$24.3MN/A
#7
$3.9M34N/AN/AN/A
#8
$1M12N/AN/AN/A
#9
$2.7M27N/AN/AN/A
#10
$1M12N/AN/AN/A
#11
$0.6M17-43%$7.3MN/A
#12
$1.2M14N/AN/AN/A
#13
$2.7M14N/AN/AN/A
#14
$11.2M777%N/AN/A
#15
$2.4M24N/AN/AN/A
#16
$2.3M23N/AN/AN/A
#17
$2.4M24N/AN/AN/A
#18
$1.3M15N/AN/AN/A
#19
$0.4M6N/AN/AN/A
#20
$15.2M105N/AN/AN/A

Verbit is a leading transcription and captioning solution that fuses artificial and human intelligence to provide 99.9% accuracy at a rate 10 times faster than the industry standard. Built on self-learning algorithms, Verbit is the only platform that leverages contextual data, specific acoustic models and current events to provide each customer with a tailored model that keeps improving with time. Verbit's flexible cloud system includes customizable templates and allows users to upload files directly, via API or through integrations with leading platforms like YouTube, Kaltura, Panopto and Vimeo. An intuitive user interface enables seamless editing, reviewing and collaboration for clients and transcribers alike. Verbit helps customers across the higher-education, legal and media industries redefine the way they transcribe, index and access their video and audio files. Founded in 2016, Verbit has secured $11M in seed funding, led by HV Holtzbrinck Ventures, Vertex Ventures and Oryzn Capital. Learn more at https://verbit.ai/.

keywords:saas

$569M

Total Funding

1691

Number of Employees

$338.5M

Revenue (est)

14%

Employee Growth %

$2B

Valuation

N/A

Accelerator

Verbit.ai News

2022-04-13 - Global Video Conferencing Transcribing Market Size, Analysis ...

Amazon Transcribe; Nuance; Google; IBM WATSON; TranscribeMe; Verbit.ai; Otter.ai; Sonix; Voicea; QNAP; Trint.

2021-06-08 - VERBIT.AI announced that it has received $157 million in funding from a group of investors

VERBIT.AI announced that it has received $157 million in a round of funding led by returning investor Sapphire Ventures, LLC on June 8, 2021. The transaction also included participation from new investors Big Tech 50 R&D-Limited Partnership (TASE:BIGT.L) which invested $2 million, Omer Cygler at ...

2019-03-25 - Tom Livne CEO of Verbit.ai Talks Voice and Transcription – Voicebot Podcast Ep 89

Tom Livne CEO of Verbit.ai Talks Voice and Transcription – Voicebot Podcast Ep 89 Bret Kinsella on March 25, 2019 at 11:23 am Tom Livne is the CEO and co-founder of Verbit.ai. The company provides an AI-driven transcription service for the legal and academic markets that guarantees 99.9% accur ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$340.6M170361%$1.8B
#2
$573.8M182414%$6M
#3
$627.7M18301%N/A
#4
$368.2M18391%$613.6M
#5
$369.4M198757%$1.1B

Verbit.ai Funding

DateAmountRoundLead InvestorsReference
2018-03-30$11.0MUndisclosedHV Holtzbrinck VenturesArticle
2018-04-04$11.0MUndisclosedHV Holtzbrinck VenturesArticle
2019-01-30$23.0MAViola VenturesArticle