Bloomberg Law
Jan. 15, 2020, 3:02 PM

Legal Tech Transcription Platform Verbit Raises $31 Million More

Sam Skolnik
Sam Skolnik

The fast-rising artificial intelligence-powered transcription program Verbit has received a $31 million venture capital boost, the company announced Wednesday, bringing its total investments to $65 million since the startup launched in 2017.

The Series B funding round was led by the private equity firm Stripes. Previous investors such as Viola Ventures, HV Ventures, Oryzn Capital, Vertex Ventures, and Claltech also participated in the round.

More than 150 customers in legal services and higher education now use Verbit, including court reporting services and universities such as Harvard and Stanford, the company’s co-founder and CEO Tom Livne told Bloomberg Law. ...

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