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Verbit Emerges as a Unicorn Company Following $157 Million in Series D Funding

By Danielle Chazen

On the heels of its recent acquisition of VITAC, the Verbit team has exciting news to announce. Verbit has secured $157 million in Series D funding, positioning the company as a unicorn with a valuation of over $1 billion. This marks an incredible achievement just four years after Verbit’s inception. The round was led by Sapphire Ventures, alongside new investors…
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Top 10 Reasons Why Verbit is Revolutionizing the World of Transcription

By Verbit Editorial

The transcription market in the US alone was valued at $19.8 billion USD in 2019 and is anticipated to expand by 6.1% from 2020 to 2027. Organizations across the globe generate large volumes of data every day that can be effectively used to obtain valuable insights. Today's businesses and organizations are using transcription for research projects, classes, webinars, legal proceedings, data…
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6 Benefits of Closed Captioning you Need to Start Utilizing

By Verbit Editorial

Video creation should be a key component for any modern business’s communication and marketing plan. Not only are videos one of the most effective marketing tools to boost engagement with your audience, but they are also effective in getting messages across to your employees. That said, simply creating video is not enough. In order to engage with audiences, employees and…
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The Verbit Team Celebrates Global Accessibility Awareness Day

By Danielle Chazen

Accessibility isn’t just what we do, it’s what individuals at Verbit believe in. Verbit hires individuals who recognize that accessibility is a necessity. Some of our team members have personal experiences with disabilities, while others are working hand-in-hand with university and business leaders to make their offerings more accessible. On a daily basis, we see the importance and the results…
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Verbit Acquires VITAC To Become World’s Largest AI-Powered Transcription and Captioning Platform

By Danielle Chazen

In an effort to drive forward its mission to make all video and audio content accessible to everyone through its high-quality captioning and transcription capabilities, Verbit’s leadership team has exciting news to share. Today, Verbit announced the acquisition of VITAC, the largest provider of captioning products and solutions in North America. The acquisition will position Verbit as the No. 1…
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Video Translation 101: Higher Accuracy for Broader Reach

By Verbit Editorial

The demand for translation services continues to rise. In the past decade, the industry has doubled in size and is now worth over $56 billion dollars in 2021. There are numerous reasons why, including the globalization of business. Content is being consumed online by international audiences and brands need to provide customer service to  global consumers. As a result, video…
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UK Government’s Culture Recovery Fund for Media & Cinemas

By Danielle Chazen

The UK government has announced a Culture Recovery Fund to help support the reopening and recovery of more than 90 independent cinemas across England. £30m has been set aside for England’s independent cinemas. 92 venues will receive a share of more than £6.5m from the British Film Institute, or BFI, which is distributing funds as part of this support package…
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Verbit Releases Real-Time Messaging Protocol (RTMP) Support

By Danielle Chazen

Verbit's leadership are excited to announce the release of our full support for Real-Time Messaging Protocol, or RTMP. RTMP can benefit broadcast companies who are streaming events in real-time, as it supports what's known as low-latency streaming. It is also well known for minimal buffering, which enhances the user experience. "This is a game-changer and an offering of great importance for…
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Meeting New Media Market Requirements

By Danielle Chazen

In response to media industry changes and COVID-related needs, more technology is being involved in the media production process to help with remote work. Today's media production companies and professionals are facing delayed shoots and budget constraints, greater expectations for more on-demand content, FCC compliance requirements and audience desires for personalized content. There's also a greater need to reach more…
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