Samsung Next and Standard Industries unit 40North took part in a round that increased the transcription services provider's valuation to $2bn.
Israel-headquartered transcription technology provider Verbit completed a $250m series E round yesterday that included electronics manufacturer Samsung and conglomerate Standard Industries at a valuation of $2bn.
The round consisted of $150m in primary investment and another $100m in secondary share sales. It was led by Third Point Ventures, the venture capital arm of investment adviser Third Point.
Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth and TCP also contributed to the round while Samsung and Standard Industries participated through subsidiaries…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
