Verbit raises $31M Series B to expand its transcription and captioning service

Verbit, a Tel Aviv and New York-based startup that provides AI-assisted transcription and captioning services to professional users, today announced that it has raised a $31 million Series B round led by growth equity firm Stripes. Existing investors Viola Ventures, Vertex Ventures, HV Ventures, Oryzn Capital and ClalTech are also participating in the round; this brings the company’s total funding, which includes a $23 million Series A round in 2019, to $65 million.