• We got an exclusive look at the pitch deck Israeli AI transcription startup Verbit used to raise $60 million

    3 days ago - By Business Insider

    Summary List Placement
    Israeli human/AI transcription startup Verbit has raised a $60 million Series C round led by Sapphire Ventures.
    Founded in 2016, Verbit's platform uses AI, machine learning and natural language processing, combined with a network of 22,000 human transcribers to provide transcription services.
    "We closed our Series B in January but then COVID-19 hit and there was a lot of uncertainty in the market," Verbit CEO and founder Tom Livne, told Business Insider, adding that the firm saw an uptick in demand. Livne said revenue was up 5x in the third quarter compared to 2019...
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