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Verbit Launches AI-Powered, Real-Time Transcription Solution

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Leading AI-driven transcription company introduces a solution for generating speech-to-text through Communication Access Real-Time Translation (CART) technology

Verbit, the leading transcription and captioning solution, announced the release of their real-time transcription solution, also known as Communication Access Real-Time Translation (CART) services, which generates live closed captions through its proprietary AI-powered speech recognition technology.

Verbit’s in-house, automated speech recognition (ASR) engine uses adaptive algorithms and a dual process of human transcribers to produce the highest accuracy. The self-learning technology incorporates information from external sources and previous sessions, which are then fed back into the ASR model to continuously train the engine and improve accuracy. The transcripts are also enhanced through a dual layer of professional transcribers, with up to three backup type correctors per session, working in real-time to correct inaccuracies, guarantee precision and ensure reliability.

The CART solution, which is trained to recognize not only commonly used language but also specific terminology and speakers, is currently being used to help bridge the accessibility gap for individuals with hearing impairments, and comply with FCC regulations and ADA requirements.

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“AI voice technology is redefining the traditionally manual transcription space,” said Tom Livne, CEO of Verbit. “We’ve further enriched our automated process with machine learning, particularly deep learning and natural language processing. Incorporating these technologies will allow us to provide on-demand CART services that match human accuracy capabilities in real-time.”

Through its on-demand marketplace of thousands of transcribers, Verbit’s online platform supports easy scheduling, with the ability to book or cancel a session within minutes. The live product also offers unlimited capacity, full support, and provides users the option to receive a downloadable transcript immediately after the session. Additionally, Verbit uses a prorated system that rounds to the minute, not to the hour – going against the standard for transcription services – and doesn’t involve a setup fee.

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“The CART solution has been a lifesaver in the classroom for our hard of hearing students,” said Valerie Sturm, Coordinator of Services for the Deaf and Hard of Hearing, Brigham Young University-Idaho. “The web-based scheduling tool is easy to use, both to request and cancel services.”

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Time is money: 5 NYC tech startups adding more hours to your day

Time is money — literally. With a majority of people opting for experiences over products, time has never been more valuable, and investors are taking notice.

Whether it’s in the form of a more efficient job search, an easier shopping experience or faster meal preparation, these startups are on a mission to shave hours off of confusing or monotonous tasks. Get to know these time-saving NYC tech companies that VCs are putting big money behind.

 

Wade & Wendy

Job searching is time-consuming, no matter which side of the job search you’re on. Wade & Wendy is an AI-powered conversation platform for recruiting that uses conversational AI to “make hiring more human.” On the recruiting side, chatbot Wendy manages the initial screening process and asks applicants specific questions about job experience. On the job seeker side, chatbot Wade acts as a career advisor and works with the job seeker to find job opportunities relevant to their interests and experience. The company was launched in 2015 and raised its latest $7.6 million funding round on March 5.

 

Routinely

If your excuse for missing the gym has anything to do with a lack of clean or stylish workout clothes, there’s a service that can help. Routinely not only helps you find the latest styles, but they also package it in a gym bag and send it directly to you — all within two hours. After that, you can keep the items you want and return the rest, even if they’ve been used. The company handles the cleaning process as well, making the service your “virtual locker.” Routinely raised an undisclosed seed funding in January 2019.

 

The Farmer’s Dog

As a dog parent, there’s no easy way to pick up dog food with the rest of the items on your grocery list. The Farmer’s Dog makes human-grade pet food that’s customized for your dog and delivered right to your doorstep. Founded in 2014, the company just raised a $39 million Series B round, bringing their total funding amount to $49.1 million.

 

Verbit.ai

Anyone who’s had to transcribe a video or phone call knows exactly how tedious of an assignment it can be. Verbit.ai uses a mix of AI and human intelligence to do it for you. The company offers audio transcription, captioning services and real-time speech-to-text services that have made industries like law and education much more efficient. To-date, Verbit.ai has raised a total of $34 million in funding, with its latest $23 million Series A round in January 2019.

 

Spatial

Spatial, an AR company featured on Built In NYC’s 50 Startups to Watch in 2019, helps remote workers save time commuting into the office. It gives teams the ability to collaborate in virtual reality-rendered workspaces, pushing the tech trend of augmented reality in a whole new direction. Founded in 2016, the company has $8.3 million in total funding, as well as an undisclosed seed funding round announced in January 2019.

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