Company profile

Verbit

Founded in 2017 and headquartered in New York City, Verbit is an AI-powered speech recognition platform combining deep learning and human review to deliver highly accurate transcription services. The company has raised $550 million in total funding, including a $250 million Series E round at a $2 billion valuation. Backed by Sapphire Ventures and The Private Shares Fund, Verbit serves legal, education, media, and business sectors with cloud-based NLP and voice intelligence solutions.

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Quick facts

Total funding: $550 million
Valuation: $2 billion
Founded: 2017
Headquarters: New York City, Verbit is an AI-powered speech recognition platform combining deep learning and human review to deliver highly accurate transcription services

Notable investors

Sapphire Ventures
The Private Shares Fund
Verbit serves legal

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