ClalTech returned to back a series B round that brought speech-to-text transcription platform developer Verbit’s total funding up to $65m.
Israel-based translation technology developer Verbit.AI has raised $31m in a series B round featuring ClalTech, a subsidiary of diversified conglomerate Access Industries.
The round took Verbit’s overall funding to $65m and was led by private equity firm Stripes. Venture capital firms Viola Ventures, Vertex Ventures, HV Holtzbrinck Ventures and Oryzn Capital also took part.
Verbit has developed an artificial intelligence-equipped speech-to-text captioning and transcription software tool. It will use the series B cash to explore new market opportunities, expand…
