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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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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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What ARPA & Higher-Ed Emergency Relief Funds Mean for Schools

By Danielle Chazen

The CARES Act, or Coronavirus Aid, Relief, and Economic Security Act, was passed by Congress in March 2020. Of the $2.2 trillion allotted to provide quick and much-needed economic aid to the Americans impacted by the pandemic, $14B was given to the Office of Postsecondary Education as the Higher Education Emergency Relief Fund, or HEERF. In January 2021, The US…
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White House To Offer Accessibility with Sign Language Interpreter

By Danielle Chazen

On the heels of President Biden's decision to reverse the former administration's ban on transgender troops in the military, The White House is further committing to inclusivity and diversity initiatives by providing a sign language interpreter at every press briefing. White House press secretary Jen Psaki announced this week that an American Sign Language interpreter will be present at all press…
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Next Week’s Live Event: Ask The Expert on 2021 Expectations

By Danielle Chazen

2020 may be behind us, but the challenges facing today’s district leaders, educators, students and parents persist. In 2021, the expectation to provide effective education is only higher with months of hybrid and online learning under the belts of school leaders. Join us next week on January 28th at 11am EST for Ask The Expert: 2021 Expectations, a live webinar to…
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Zoom Conferencing from A to Z – Make the Most of Conference Calls

By Annabelle Amery

As universities and schools move courses online and remote work continues to become the norm, more individuals are seeing the benefits of video conferencing. Video conferencing has advanced greatly, with Zoom likely emerging as the most important communication tool of 2020. Zoom has enabled events to be held despite the current barriers imposed by COVID-19. With high-definition video and sound,…
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Ways Latest Technologies Help Mitigate Effects of the Pandemic

By Danielle Chazen

The COVID-19 pandemic has left an indelible mark on business as we know it. Prior to the pandemic, digital transformation and innovation were reinventing nearly every industry and new tools and processes were taking form with the implementation of more technology. Now, business leaders have been faced with the need to operate remotely for the foreseeable future. A report from…
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The Rising Trend of Artificial Intelligence in Business

By Danielle Chazen

The term ‘Artificial Intelligence’ often trips up business leaders in industries which don’t intersect directly with technology. It can invoke images of robots and feelings of machines stealing the jobs of humans. The reality is that AI can help to make their professional and personal lives run more smoothly by removing a lot of the tasks which were previously done…
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