Company profile: Verbit
1.1 - Company Overview
Company description
- Provider of an AI-powered verbal intelligence platform for speech-intensive industries, offering transcription, captioning, live captioning & transcription integrated with major platforms, audio description, translation, dubbing, and note taking. Delivers domain-specific ASR with Captivate and generative AI via Gen.V to unlock insights from transcripts, including summaries and quizzes.
Products and services
- Live captioning & transcription: Delivers real-time captions and transcripts for events, meetings, and broadcasts, integrated with major platforms to support instant accessibility for speech-intensive industries
- Captivate™: Engineers automatic speech recognition tailored to customer-specific needs, with domain-specific accuracy and customization for capturing the spoken word across specialized industries
- Gen.V™: Produces generative-AI insights and actionable items from transcripts, including summaries and quizzes, to unlock value of the spoken word for speech-intensive industries
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Verbit
AssemblyAI
HQ: United States
Website
- Description: Provider of speech AI APIs to transcribe and understand audio data, including Universal-1 multilingual speech-to-text; a Speech-to-Text API with speaker diarization, automatic language detection, and custom vocabulary; real-time streaming transcription; LeMUR for voice data summarization and question answering; and Audio Intelligence for entity/topic detection, sentiment analysis, and PII redaction.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Scribe
HQ: United States
Website
- Description: Provider of AI-powered medical documentation and charting solutions for healthcare providers, including ADAM for documentation and coding, ScribeMobile for streamlined documentation and workflow, Scribe Charting services, Soniox Integration for faster drafts and reduced transcription time, and data mining tools to extract and analyze EMR data for practice management.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Corti
HQ: Denmark
Website
- Description: Provider of AI healthcare solutions for patient consultations and clinical workflows, including real-time suggestions for medical call takers, suggestions for appropriate response levels in emergency calls, rapid AI triage to the correct point of care with automatic information capture, encounter analysis for training and quality assurance, automated medical coding to increase revenue and reduce claim denials, and customizable keyword alerts.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Saykara
HQ: United States
Website
- Description: Provider of an ambient, autonomous, voice-enabled mobile AI assistant (Kara) that automates physician charting via voice commands, reducing charting time by 70%, eliminating after-hours charting, and improving note quality and completeness by 25%, helping combat physician burnout and elevate productivity.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Netcall
HQ: United Kingdom
Website
- Description: Provider of solutions and services for the design, development, sale, and support of software products, including Liberty Create (low-code enterprise app development), Liberty Converse (contact center for multi-channel customer interactions and backend automation), AI-powered RPA, machine learning models for prediction and analysis, and voice recognition and NLP to improve customer interaction.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Verbit
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Verbit
2.2 - Growth funds investing in similar companies to Verbit
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4 - Top valuation comps for Verbit
4.2 - Public trading comparable groups for Verbit
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