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Verbit Raises USD 31M in Series B Funding
Verbit, a Tel Aviv, Israel-based AI-powered transcription platform, closed a $31m Series B funding.
The round, which brought total funding to $65m, was led by Stripes, with participation from existing investors Viola Ventures, Vertex Ventures, HV Ventures, Oryzn Capital and ClalTech.
In conjunction with the funding, Saagar Kulkarni, Stripes’ partner, will join Verbit’s board of directors.
The company intends to use the funds to further accelerate growth, including expanding to new industry verticals, adding coverage of new languages, and continually innovating its speech recognition technology.
More than 150 customers in the legal and higher education industries, including Harvard, Stanford and Coursera, utilize the company’s in-house, AI-enabled speech recognition technology. | To read full story, visit https://startuparound.com/read/1579122013.223143/Verbit-Raises-USD-31M-in-Series-B-Funding?ref=audio_experience
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By Startup AroundVerbit, a Tel Aviv, Israel-based AI-powered transcription platform, closed a $31m Series B funding.
The round, which brought total funding to $65m, was led by Stripes, with participation from existing investors Viola Ventures, Vertex Ventures, HV Ventures, Oryzn Capital and ClalTech.
In conjunction with the funding, Saagar Kulkarni, Stripes’ partner, will join Verbit’s board of directors.
The company intends to use the funds to further accelerate growth, including expanding to new industry verticals, adding coverage of new languages, and continually innovating its speech recognition technology.
More than 150 customers in the legal and higher education industries, including Harvard, Stanford and Coursera, utilize the company’s in-house, AI-enabled speech recognition technology. | To read full story, visit https://startuparound.com/read/1579122013.223143/Verbit-Raises-USD-31M-in-Series-B-Funding?ref=audio_experience