Israeli Transcription Startup Verbit Raises Funds At Unicorn Valuation

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Summary List PlacementAn Israeli startup that uses both humans and artificial intelligence to dictate speech has raised $157 million at a unicorn valuation. Verbit, which was founded in 2016, wants to be a leading player in what it calls a $30 billion global transcription market. The company has a network of 30,000 human transcribers who fact-check the work of its AI, machine learning, and natural language processing technology. "We see unicorns all around us and we belong with them based on the revenue and traction that we have," Tom Livne, the Verbit CEO and founder, told Insider.

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