AI Transcription Startup Verbit Raises $11 Million in Seed
Tel Aviv-based Verbit develops an artificial intelligence-based system that automatically transcribes recorded speech
Tel Aviv-based Transcription startup Verbit Software Ltd. raised $11 million in Seed from venture capital firms Vertex Ventures Israel, Oryzn Capital, and HV Holtzbrinck Ventures, the company announced Thursday.
Founded in 2016, Verbit develops an artificial intelligence-based system that automatically transcribes recorded speech, while allowing for human monitoring and corrections.
The Verbit team. Photo: PR
Verbit has over 50 customers, including U.S.-based telecommunications conglomerate Comcast, California-based online education company Coursera Inc., and The London Business School, according to company statements. Verbit operates additional offices in Palo Alto, California.