Announced
Completed
Financials
Sources
Tags
Software
Venture Capital
Private
Friendly
Acquisition
United States
Single Bidder
Private Equity
AI software
Cross Border
Minority
Completed
Synopsis
Sapphire Ventures, a venture capital firm, led a $157m Series D round in Verbit, the world's largest AI-powered transcription and captioning platform, with participation from Third Point, More Capital, Omer Cygler, Azura, ICON, Stripes, Vertex Ventures and Vertex Growth, HV Capital, Oryzn Capital, Viola Ventures, and ClalTech. "With their hybrid transcription platform bringing together innovative technology and a network of over 30k transcribers, Verbit has forged a winning combination of AI and human intelligence," Jai Das, Sapphire Ventures President and Partner.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.