AI transcription co Verbit raises $31m



AI transcription and good captioning firm Verbit has introduced the closing of a $31 million financing spherical led by US fund Stripes. Because it was based in 2016, Verbit has raised $65 million together with right now’s financing spherical and a $23 million financing spherical final January. Within the present financing spherical, earlier buyers Viola Ventures, Vertex, Horizon Capital, Classic and Clal Tech in addition to German fund HV Ventures all participated.




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Verbit was based by CEO Tom Livne, CTO Eric Shellef and VP Engineering Kobi Ben Tzvi and has 100 staff. The corporate operates on a B2B mannequin and its main prospects embrace Stanford College, Harvard and the London Enterprise Faculty. Prospects by packages of transcription providers by the hour. US laws require that the exhausting of listening to have entry to lectures and packages.

Printed by Globes, Israel enterprise information – en.globes.co.il – on January 15, 2020

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