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Verbit appoints Yair Amsterdam as permanent CEO, focuses on AI and growth
26.06.24|Meir Orbach“We have growth plans and have reduced our cash burn rate, so we do not need to raise capital in the near future. We will consider raising capital only at the beginning of next year if the business plan shows results,” said Amsterdam, who served as Acting CEO since February following the departure of founder Tom Livne
Verbit cutting dozens of jobs in third round of layoffs
05.03.24|Meir OrbachThe move comes one month after company President Yair Amsterdam was named Acting CEO, replacing long-time CEO Tom Livne
Verbit hits $2 billion valuation with $250 million Series E
23.11.21|Meir OrbachThe AI-powered Israeli transcription and captioning startup doubled its valuation from its Series D six months ago
Verbit reaches unicorn status with $157 million funding round
08.06.21|Meir OrbachThe AI-powered Israeli transcription and captioning startup is also planning a secondary round valued at $70 million in the near future and is targeting an IPO in 2022
Israel's Verbit acquires U.S. caption company VITAC for $50 million
11.05.21|Hagar RavetVITAC specializes in real-time transcription, with its clients including the biggest broadcasters in the world and most of the leading cable networks in the U.S.
Verbit’s technology leaves it alone at the top of the transcription world
14.04.21|Hagar Ravet“I identified the problem in 2011, found the solution in 2016, and today we are leading the market,” says CEO Tom Livne, whose company was ranked third on Calcalist's list of 50 most promising Israeli startups
To achieve its mission of transforming the note-taking world, Verbit wants to become the “Uber of transcription”
10.09.20|James SpiroThe transcription service can be used in a variety of verticles such as education, healthcare, and media
Tel Aviv-Based Transcription Startup Verbit Raises $31 Million
15.01.20|Meir Orbach Verbit develops an AI system capable of automatically transcribing recorded speech
Tel Aviv Startup Verbit Launches Real-Time Transcription Service
17.03.19|Adi Pick Verbit’s transcription service works on a pay-per-minute price model
Tel Aviv-Based Transcription Startup Verbit Raises $23 Million
29.01.19|Hagar RavetVerbit develops an AI-based system capable of automatically transcribing recorded speech. A human operator fluent in the relevant field then checks the output for errors and inaccuracies
AI Transcription Startup Verbit Raises $11 Million in Seed
29.03.18|Tofi StolerTel Aviv-based Verbit develops an artificial intelligence-based system that automatically transcribes recorded speech

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