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Verbit was founded in 2017 by Tom Livne. The company has discussed plans to go public through an IPO, though remains private as of June 2023.
Verbit is the developer of AI-powered transcription and captioning software. The company, based in New York and Tel Aviv, has pursued an acquisition plan in the hopes of consolidating the transcription industry. Verbit has acquired Take Note, VITAC, and Automatic Sync Technologies. The company has raised more than $550 million in venture capital funding from investors including Third Point Ventures, Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, 40North, Samsung Next, and TCP. As of November 2021, the company announced a valuation of more than $2 billion following a $250 million Series E fundraising round.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Verbit is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Verbit pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Verbit is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 11/23/2021 | Series E-1 and E-2 | $158MM raised | $XXX.XX | $XXX.XX |
| 6/8/2021 | Series D | $120MM raised | $XXX.XX | $XXX.XX |
| 11/19/2020 | Series C | $40MM raised | $XXX.XX | $XXX.XX |
| 1/15/2020 | Series B and B-1 | $21.53MM raised | $XXX.XX | $XXX.XX |
| 1/30/2019 | Series A and A-1 | $15.23MM raised | $XXX.XX | $XXX.XX |
| 3/29/2018 | Series Seed-1, Seed-2, Seed-3, Seed-4, Seed-5, Seed-6 and Seed-7 | $10.35MM raised | $XXX.XX | $XXX.XX |
