Third Point Ventures led a $250m Series E funding round in Verbit.

Third Point Ventures, a venture capital firm, led a $250m Series E funding round in Verbit, a voice AI transcription and captioning company. Additional investors include Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, 40North, Samsung Next and TCP. "This funding round is a vote of confidence in our ability to solidify our position as the market leader within the transcription space. We built a powerful technological platform to modernize this industry and our strategy to build vertically integrated, voice AI solutions has brought tremendous value to our customers and enabled their businesses to become more accessible," Tom Livne, Verbit CEO and Founder.