Sapphire Ventures led a $157m Series D round in Verbit.

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.