AI Transcription Leader Verbit Becomes a Unicorn Following $157 Million in Series D Funding

New funding brings Verbit's valuation to over $1 billion; paves path towards becoming a public company. Verbit, the world's largest AI-powered transcription and captioning platform, today announced it has secured $157 million in Series D funding, giving the company a unicorn valuation of over $1 billion only four years after its inception. The round was led by Sapphire Ventures, alongside new investors such as Third Point, More Capital, Omer Cygler, Azura, and ICON fund, as well as existing investors such as Stripes, Vertex Ventures and Vertex Growth, HV Capital, Oryzn Capital, Viola Ventures, and ClalTech. Verbit's total funding now exceeds $250 million, including debt financing from the Silicon Valley Bank.