Verbit

Verbit

Real-time transcription and captioning SaaS

Overview

Verbit provides real-time transcription and captioning services for online meetings, with its Live Room product designed to integrate with Zoom. This SaaS solution creates interactive, live transcripts and captions during classes and meetings to ensure accessibility for participants with disabilities, supporting ADA compliance. By focusing on educational institutions and professional organizations, Verbit helps make online content and discussions accessible and searchable, while charging subscription fees for ongoing access and support. Compared with competitors, Verbit emphasizes tight Zoom integration, real-time accuracy, and a target market of schools and professional bodies that require compliant accessibility. The company’s goal is to improve accessibility and engagement in online communication by delivering reliable, scalable transcription and captioning as a service.

About Verbit

Simplify's Rating
Why Verbit is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Education

Company Size

1,001-5,000

Company Stage

Series E

Total Funding

$432.1M

Headquarters

New York City, New York

Founded

2016

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Simplify's Take

What believers are saying

  • Campus Complete targets universities facing ADA Title II requirements.
  • Captivate Post Plus addresses broadcaster quality standards for distribution-ready captions.
  • Self-service and enterprise offerings support cross-sell across 3,000+ organizations.

What critics are saying

  • Native Zoom and Teams captions compress Verbit's integration advantage.
  • Compliance-driven transcription becomes price-competitive and harder to differentiate.
  • Human review requirements expose Verbit to labor costs and margin pressure.

What makes Verbit unique

  • AI plus human review supports higher accuracy than pure automation.
  • Deep integrations with Zoom, Teams, and major LMS platforms.
  • Broad workflow coverage spans live, post-production, legal, education, and government.

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Funding

Total Funding

$432.1M

Above

Industry Average

Funded Over

7 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Above Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1.3B
Epic Games
$1.5B
Airbnb

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Remote Work Options

Flexible Work Hours

Growth & Insights

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%

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