Artificial intelligence-powered transcribing and captioning software company Verbit announced it has raised $23 million, with plans to expand its real-time transcription services for its legal industry clients.
The Series A round was led by Viola Ventures with Verbit’s co-founders remaining as the main shareholders, said Verbit co-founder Tom Livne. Vertex Ventures, HV Ventures, Oryzn Capital, Vintage Venture Partners and Clal Tech also participated in the round.
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