When was Verbit founded?

Verbit was founded in 2017 and became a unicorn in 2021, reaching the milestone in 4 years. It raised its 1st funding round 1 year after its incorporation.

Where is Verbit located?

Verbit is headquartered in New York City, United States. It is registered at 169 MADISON AVE 2316, NEW YORK, NY 10016.

Which legal entities is Verbit associated with?

Verbit is associated with VERBIT, INC..

How many employees does Verbit have?

As of May 31, 2026, the latest employee count at Verbit is 1624.

Is Verbit a funded company?

Verbit is a funded company, having raised a total of $550M across 9 funding rounds to date. The company's 1st funding round was a $60.1K Grant (prize money) round, raised on Jan 01, 2018.

How much is Verbit worth?

The latest valuation of Verbit is $2B as of Nov 23, 2021.

When was the latest funding round of Verbit?

Verbit's latest funding was a $250M Series E round on Nov 23, 2021, with participation from 8 investors. Its primary sector is Enterprise Video. In United States, the Enterprise Video sector has seen $200M in funding in 2026 to date.

Is Verbit a Enterprise Video company?

The primary sectors of Verbit are Enterprise Video, Speech and Voice Recognition and Artificial Intelligence.

Where does Verbit rank among its competitors?

Verbit ranks 1st amongst 378 active competitors, of which 35 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Deepgram, which secured $143M in Dec, 2025.

Who are the top competitors of Verbit?

Verbit's top competitors include Otter.ai, EzDubs and Wispr Flow. Among them, Deepgram secured the most recent funding round in December, 2025.

Verbit - 2026 Company Profile, Team, Funding & Competitors

Verbit is a series E company based in New York City (United States), founded in 2017 by Eric Shellef and Kobi Tzvi. It operates as a Provider of cloud and AI-based natural language processing platform to develop speech recognition applications. Verbit has raised $550M in funding from investors like Sapphire Ventures, Microsoft Accelerator and Third Point Ventures, with a current valuation of $2B. The company has 378 active competitors, including 35 funded and 14 that have exited. Its top competitors include companies like Otter.ai, EzDubs and Wispr Flow.

Sectors and market segments that Verbit operate in

Verbit serves in the High Tech, Native AI market segments.The primary business model of Verbit are:

Company Details

Provider of cloud and AI-based natural language processing platform to develop speech recognition applications. It is leveraging a cloud-based speech recognition technology that is based on the latest advances in the field of deep learning neural networks. It has applications in court reporting and depositions, education and disability needs, distance learning and relearning, media production, and business analysis.

Website: verbit.ai
Social
Email ID: *****@verbit.ai
Registered Address: 169 MADISON AVE 2316, NEW YORK, NY 10016

Key Metrics

Founded Year

2017

Location

New York City, United States

Stage

Series E

Total Funding

$550M in 9 rounds

Latest Funding Round

Series E, Nov 23, 2021, $250M

Post Money Valuation

$2B as on Nov 23, 2021

Investors

Sapphire Ventures & 39 more

Ranked

1^st among 378 active competitors

Employee Count

1,624 as on May 31, 2026

Investment & Acquisitions

Periapt & 6 more

Similar Companies

Mirage & 1356 more

View Verbit's full profile

Verbit is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VERBIT, INC. CIN: 204038194 , United States, Active	Nov 15, 2022	-	409 (As on Dec 31, 2024)	-

Verbit has raised a total funding of $550M over 9 rounds. Its first funding round was on Jan 01, 2018. Its latest funding round was a Series E round on Nov 23, 2021 for $250M. 8 investors participated in its latest round. Verbit has 39 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Verbit:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 23, 2021	$250M	Series E	$2B	-	Third Point Ventures	Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, Samsung NEXT, BlackRock TCP Capital, Standard Industries
Jun 08, 2021	$157M	Series D	$1B	-	Sapphire Ventures	More Capital, Omer Cygler, Stripes, Vertex Growth, HV Capital, Vertex Ventures Israel, Viola Group, Claltech, Third Point Ventures, Lion Investment Partners, Azura, ICON fund, Horizon Capital
Nov 19, 2020	$60M	Series C	$2B	-	Sapphire Ventures	Stripes, HV Capital, Claltech, Vertex Ventures Israel, Vertex Growth

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View details of Verbit's funding rounds and investors

The founders of Verbit are Eric Shellef and Kobi Tzvi.

Here are the details of Verbit's key team members:

Eric Shellef: Former Co-Founder of Verbit and founder of 1 other company.
Contact Info: 1 email address
Kobi Tzvi: Former Co-Founder of Verbit.

View details of Verbit's Founder profiles and Board Members

Verbit's employee count trend

Verbit has 1,624 employees as of May 26. Here is Verbit's employee count trend over the years:

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Top competitors of Verbit include Otter.ai, EzDubs and Wispr Flow. Here is the list of Top 10 competitors of Verbit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Verbit 2017, New York City (United States), Series E	Provider of cloud and AI-based natural language processing platform to develop speech recognition applications	$550M	Sapphire Ventures, Vertex Ventures Israel ... & 38 others	75/100
2nd	Otter.ai 2016, Los Altos (United States), Series B	Developer of an AI meeting agent providing transcription and summarization	$70M	Spectrum Equity, Horizons Ventures & 25 others	75/100
3rd	EzDubs 2022, San Francisco (United States), Acquired	Developer of real-time translation application for phone calls and online communication	$4.7M	Y Combinator, SRI Capital & 10 others	69/100
4th	Wispr Flow 2021, San Francisco (United States), Series A	Developer of AI-powered voice dictation software for seamless text creation	$81M	TriplePoint Capital, Notable Capital & 21 others	67/100
5th	Deepgram 2015, San Francisco (United States), Series C	Provider of AI-based speech transcription software	$229M	Y Combinator, Compound & 30 others	66/100
6th	Descript 2017, San Francisco (United States), Series C	Provider of an AI-powered platform for video and podcast creation	$101M	Spark Capital, Redpoint Ventures & 26 others	65/100
7th	Speechmatics 2006, Cambridge (United Kingdom), Series B	Provider of speech recognition software for real time voice processing	$90.6M	Susquehanna Growth Equity, Amadeus Capital ... & 30 others	64/100
8th	3Play Media 2008, United States, Acquired	Provider of captioning, transcription, translation solutions to enterprises	$962K	XLIX Ventures, MassChallenge & 2 others	61/100
9th	TranscribeMe 2011, San Francisco (United States), Series A	Audio search & transcription platform	$9.6M	Sierra Angels, TEC Ventures & 14 others	56/100
10th	Gladia 2022, Cesson Sevigne (France), Series A	Provider of speech-to-text APIs for developers	$20.3M	XAnge, New Wave & 17 others	56/100

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Verbit has made 1 investments in companies including Periapt. Verbit has also acquired 6 companies including Take 1 and U.S. Captioning Company.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 25, 2022	Investments	Periapt	2020	Tel Aviv (Israel)
Jul 28, 2022	Acquisition	Take 1	1998	Cranbrook (United Kingdom)
May 12, 2022	Acquisition	U.S. Captioning Company	1999	De Pere (United States)