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Verbit Inc. offers AI and human transcription, captioning and audio description software for education, legal and enterprise clients.
Founded in 2017 by CEO Tom Livne and based in New York, US, Verbit Inc. provides transcription, live captioning, legal transcription and audio description. It sells subscriptions with packages for education, media, enterprise and court reporting. The company serves more than 2,000 customers, including CNN, Fox, Disney, Coursera, Stanford, Harvard University, Amazon, Microsoft and AT&T. In November 2021 it raised USD 250 million in Series E funding led by Third Point Ventures, valuing it at USD 2 billion post-money. In May 2021 it acquired VITAC for USD 50 million.
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