Access Industries’ ClalTech unit has returned to invest in the transcription software developer at a valuation in excess of $1bn.
ClalTech, a venture capital subsdiary of diversified conglomerate Access Industries, took part in a $157m series D round for Verbit, an Israel-headquartered provider of transcription services and software tools, on Tuesday.
Venture Capital firm Sapphire Ventures led the round, which also featured Third Point, More Capital, Lion Investment Partners, Icon fund, Azura, Stripes, Vertex Ventures, Vertex Growth, HV Capital, Oryzn Capital, Viola Ventures and private investor Omer Cygler. The round valued the company at over $1bn.
Founded in 2017, Verbit…
