Verbit has raised $360M to date after closing its Series E funding round
Verbit combines the speed and low cost of Automatic Speech Recognition technology with the accuracy of human transcription to solve this massive problem for companies and organizations in these markets. We’re excited to partner with CEO Tom Livne and his team as they expand to additional segments and deliver a leading platform for transcription based applications.
What grabbed our attention was a combination of an impressive track record – for what was then a young company – and an audacious aspiration to disrupt and take over a huge, dormant market. That, coupled with CEO Tom Livne’s energy and drive made us super excited.
HV led Verbit’s 2018 seed round because the product fit perfectly into our thesis of disrupting fragmented non-digital and service-heavy industries with AI-automation. Since then, the team has shown best-in-class execution skills and there is an unstoppable market pull for Verbit’s offering
We knew of Verbit’s great potential even at its earliest stages. The incredible talent and the ability to disrupt a huge, yet fragmented market with technology that provides superior solutions at scale made Verbit a clear opportunity for investment.
Verbit is leveraging the power of artificial intelligence to fundamentally improve a specific application and help critical work get done better, faster and cheaper. We are thrilled to partner with Tom and the rest of the Verbit team and lend a hand on their journey to solve transcription globally across all professional industries.
Verbit’s strength lies in its ability to execute on a set of very different and complicated tasks which are all needed for a company to deliver transcription and complementary services in a scalable way. This is what allows it to grow so fast while keeping its customers and employees happy.
At Viola we strongly believe the market is going vertical. Customers no longer settle for generic technology platforms that require significant customization to fit their needs. Vertical by vertical, Verbit is turning transcription from a cumbersome, manual process into a scalable, seamless and affordable end-to-end service. Its technology, operations and growth have been exponential. The limit is nowhere to be seen.
Verbit has made it easy for companies across different verticals to leverage AI to transcribe voice and video. Take a unique product and pair it with a smart, ruthlessly-executed go-to-market strategy, you have the formula for a giant company in the making.
Words fuel meaningful connections and actions. That’s why our voice AI applications are built to adapt to each business and put your words to work.
Our expert teams are dedicated to serving each industry with specialized solutions. We can provide you with more impactful engagement strategies and unlock your ability to provide fully inclusive experiences at scale.
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