Company Overview
Snapshot
Founded in March 2017, Verbit has grown to over 1,000 employees. The company has raised $532 million across 6 funding rounds from 19 investors, including Sapphire Ventures. In November 2021, Verbit achieved a $2 billion valuation following its Series E round.
Business overview
Verbit delivers vertical-specific voice AI solutions, providing over 2,000 businesses and institutions with tools for engaging and equitable experiences. Its technology ensures verbal information is searchable and actionable, meeting accessibility guidelines. The company operates within the Media & Entertainment Technologies sector, leveraging a hybrid approach of in-house AI and a large professional captioner workforce to produce high-quality captioning and transcription.
Strategic signal
In June 2024, Verbit appointed Yair Amsterdam as its permanent CEO, signaling a strategic focus on AI and growth. This leadership change and emphasis on artificial intelligence suggest the company is positioning itself for continued innovation and market expansion in its core offerings, aiming to strengthen its competitive edge through advanced technological integration.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent leadership change at Verbit?
- In June 2024, Verbit appointed Yair Amsterdam as its permanent CEO, indicating a strategic move to solidify leadership and focus on future growth initiatives.
- What new product did Verbit launch in March 2025?
- In March 2025, Verbit launched Legal Visor, an AI-powered tool designed to provide real-time deposition insights for legal proceedings.
- What was a key acquisition made by Verbit in 2022?
- In July 2022, Verbit acquired Take 1, a media services provider, expanding its capabilities in the media and entertainment sector.
- When did Verbit achieve a $2 billion valuation?
- Verbit achieved a $2 billion valuation in November 2021, following its Series E funding round.
- What strategic partnership did Verbit announce in March 2020?
- In March 2020, Verbit announced a strategic partnership with STTI, with Verbit's CEO joining STTI's Board of Directors.