Verbit
Verbit develops AI transcription and captioning software, offering services like audio description, real-time legal insights, and human-backed accuracy.
Secondary Market Price
How Verbit Measures Up
To help you manage your Verbit equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series E
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
Secondary Market Price Chart
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Prospect Projected Future Verbit Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Verbit's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
Verbit develops and provides AI-powered transcription and captioning software solutions. The company's services include audio and video transcription, translation, closed captioning, and audio description for sectors such as education, media production, and legal services. It utilizes a combination of artificial intelligence and a network of human transcribers to deliver its products. Founded in 2017 and headquartered in New York, Verbit has raised $282 million in total funding, reaching a market valuation of $1 billion as of June 2021. As of September 2022, the company reported serving 3,000 enterprise customers and generating $100 million in annual recurring revenue.
The company's recent activities indicate a focus on expanding its accessibility and localization offerings. Verbit has launched an AI Audio Description suite to help organizations comply with ADA Title II requirements and introduced Verbit Dub, a dubbing solution for video content. The company is also engaging with specific industries through educational webinars, such as a series aimed at helping higher education institutions navigate new digital accessibility rules. In early 2024, a partnership with AltaClaro was recognized as a finalist for a Legalweek Leaders in Tech Law Award.
- Third Point Ventures
- Sapphire Ventures
- Stripes
- Vertex Ventures
- Viola Ventures
- Co-Founder, Tom Livne
- Co-Founder, Eric Shellef
- Co-Founder, Kobi Ben Tzvi
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Verbit worth joining?
Evaluating an offer from a private company like Verbit requires a careful analysis of its equity compensation and potential future value. Platforms like Prospect can help you project startup outcomes and understand the financial implications of your equity package.
What should I do with my Verbit stock?
Deciding what to do with your Verbit stock involves creating a strategy based on your personal financial goals, risk tolerance, and the company's outlook. Platforms like Prospect can help you build a customized plan for exercising options or selling shares to maximize your returns.
Can you sell Verbit stock?
Selling stock in a private company like Verbit is typically possible during specific liquidity events, such as tender offers or secondary sales. Tender offer tools can help you navigate these opportunities and determine which shares are the most tax-optimal to sell.
How can I find the value of my Verbit stock?
The value of private stock is based on factors like its 409A valuation and secondary market prices, which can be difficult to track for a company like Verbit. Prospect uses predictive models and proprietary data to help you forecast the future value of your equity.
What is Verbit's equity worth?
The total worth of your Verbit equity depends on the company's future performance and potential exit scenarios, such as an IPO or acquisition. To understand the potential financial outcomes, you can use predictive modeling tools that project a range of values for your holdings.
What is Verbit's stock ticker symbol?
As a private company, Verbit does not have a stock ticker symbol because those are only assigned to companies listed on public stock exchanges. Platforms like Prospect specialize in helping employees manage their equity in pre-IPO companies before they are publicly traded.
Can I buy or sell Verbit stock?
As an employee, you can acquire stock by exercising your options, and selling is typically possible during company-approved tender offers or on secondary markets. Prospect provides tools to help you create an optimal strategy for both exercising your options and selling your shares.
What is the criteria to buy or invest in Verbit stock?
Investing in a private company like Verbit is typically restricted to employees through equity compensation or to accredited investors during specific funding rounds. If you are an employee with equity, resources like Prospect can help you manage your holdings effectively.
