Company Overview
Snapshot
Founded in March 2017 by Jeroen Plink, Verbit has grown to over 1,000 employees. The company has raised $532 million across 6 funding rounds from 19 investors, reaching a $2 billion valuation in November 2021. In June 2024, Verbit appointed Yair Amsterdam as its permanent CEO, signaling a focus on AI and continued growth.
Business overview
Verbit provides vertical-built voice AI solutions, offering engaging and equitable experiences through advanced captioning and transcription. The company's core technology combines in-house AI with a large professional captioner workforce to deliver premier results. Verbit serves over 2,000 businesses and institutions, enabling them to meet accessibility guidelines and make verbal information searchable and actionable across various markets and industries, including legal, media, and education.
Strategic signal
Verbit recently launched a revolutionary real-time transcription service for legal proceedings in June 2024, alongside the appointment of Yair Amsterdam as permanent CEO. This dual development signals a strategic pivot towards strengthening its position in the legal technology sector and leveraging AI for immediate, high-accuracy applications, indicating a renewed focus on market-specific innovation and leadership stability for investors.
Log in to access full profile ›Company Intelligence Q&A
- What is Verbit's primary focus in the market?
- Verbit focuses on providing vertical-built voice AI solutions for A/V captioning and transcription, aiming to deliver engaging and equitable experiences that meet accessibility guidelines and make verbal information searchable and actionable for businesses and institutions.
- When did Verbit achieve unicorn status?
- Verbit achieved a $2 billion valuation in November 2021, solidifying its status as a unicorn company.
- What was a significant product launch by Verbit in 2025?
- In March 2025, Verbit launched Legal Visor, an AI-powered tool designed to deliver real-time deposition insights for legal proceedings.
- Has Verbit made any recent acquisitions?
- In July 2022, Verbit acquired Media Services Provider, Take 1. Prior to that, in May 2022, Verbit acquired U.S. Captioning Company, a provider for national TV networks.
- What was a notable strategic partnership for Verbit in 2020?
- In March 2020, Verbit announced a strategic partnership with STTI, with Verbit's CEO joining STTI's Board of Directors.