Verbit, a leading provider of AI verbal intelligence, has been named to Fast Company’s fourth annual “Next Big Things in Tech” list which recognizes groundbreaking technology that has a profound impact in a variety of industries, from education and sustainability to robotics and artificial intelligence.
The “Next Big Things in Tech” list recognizes Verbit’s AI-powered Captivate™ technology, which provides affordable, high-accuracy transcripts and captions, guaranteed uptimes, customizable solutions and integrations with multiple platforms. Developed in-house by transcription, speech, and machine learning experts, Captivate is trained using diverse language models enabling it to understand languages, accents and speech patterns better than generic ASR engines.
Verbit was named in the “Medium Size: 100-999 Employees” category, which recognizes mid-sized companies that bring fresh thinking to important jobs.
“The next big thing in the AI productivity revolution will come from how we capture, understand and apply speech,” said Michael Rosman, VP Marketing and Corporate Strategy. “What Captivate does differently from other automatic speech recognition tools is put the customer and their unique needs at the center of the offering. It is based on a continuous learning model that adapts over time to the content it captures. Its training set is comprised of thousands of audio hours and is supervised by professional human captioners.”
Verbit works in speech-intensive industries – including the legal, media, education and government sectors – that remain built on person-to-person conversations and driven by depositions, broadcasts, conferences and live instruction. We support more than 3,000 enterprise customers, captioning and transcribing everything from classroom lectures to the Olympics to presidential debates.
Verbit Captivate actively serves customers across the media, entertainment, education, corporate, and government sectors and has been used to build use-case specific solutions, such as Verbit’s new Legal Capture, which delivers accurate live transcription during depositions, hearings, arbitrations, examinations, trials and other legal proceedings.
The technology represents the first step in Verbit’s vision to create a world where all speech can be seamlessly converted into meaningful actions, where individuals can gain access to AI-powered insights in real time and where speech technology becomes verbal intelligence. Indeed, Verbit plans to soon release Legal Visor, an AI deposition assistant that empowers attorneys to achieve better case outcomes with actionable real-time insights such as detected inconsistencies in witness testimony.
Fast Company has produced the “Next Big Things in Tech” list since 2021. It features emerging technologies that profoundly impact consumers, industries and society. To earn a spot on the list, technologies must be relevant, showcase ingenuity and provide evidence of current or potential cultural and business impact.
Fast Company assessed more than 1,300 applications, judging companies on the significance of their technology, challenges faced in its development, evidence of its success over the past 12 months and the impact it will have in the future. From those applicants, 138 honorees were selected in 28 categories spanning a variety of industries, technologies and regions.
“’The Next Big Things in Tech’ provides a fascinating glimpse at near- and long-term technological breakthroughs across a variety of sectors,” said Brendan Vaughan, editor-in-chief of Fast Company. “Spanning everything from semiconductors to agricultural gene editing, the companies featured in this year’s list are tackling some of the world’s most pressing and vexing problems.”