Company Overview
Snapshot
Founded in March 2017, Verbit has grown to over 1,000 employees. The company has secured funding across 6 rounds from 19 investors, including Sapphire Ventures. In June 2024, Verbit appointed Yair Amsterdam as its permanent CEO, signaling a strategic focus on AI and growth.
Business overview
Verbit delivers vertical-built voice AI solutions, providing tools for over 2,000 businesses and institutions to create engaging and equitable experiences. Its technology ensures verbal information is searchable and actionable, meeting accessibility guidelines. The company combines in-house AI with a large professional captioner workforce to produce high-quality captioning and transcription results, operating within the Media & Entertainment Technologies sector.
Strategic signal
In June 2024, Verbit appointed Yair Amsterdam as its permanent CEO, emphasizing a renewed focus on AI and growth. This leadership change signals a strategic pivot towards leveraging advanced AI capabilities to drive future expansion and innovation in the competitive audio/video transcription and captioning market, aiming to solidify its market position and accelerate product development.
Log in to access full profile ›Company Intelligence Q&A
- What is Verbit's primary business?
- Verbit provides vertical-built voice AI solutions for audio/video captioning and transcription, enabling businesses and institutions to offer engaging and equitable experiences while making verbal information searchable and actionable.
- When was Verbit founded?
- Verbit was founded in March 2017.
- Who was appointed as the new CEO of Verbit?
- In June 2024, Verbit appointed Yair Amsterdam as its permanent CEO, with a focus on AI and growth.
- What was a significant acquisition made by Verbit in 2022?
- In July 2022, Verbit acquired Media Services Provider, Take 1. Earlier in May 2022, Verbit acquired U.S. Captioning Company, a provider for national TV networks.
- What is the total capital raised by Verbit?
- Verbit has raised a total of $532 million across 6 funding rounds.