Verbit raises $31 million for human-in-the-loop AI transcription tech

Venture Beat | Jan 15, 2020 at 10:00 PM
  • The voice and speech recognition tech market is anticipated to be worth $31.82 billion by 2025, driven by new applications in the banking, health care, and automotive industries.
  • Voice transcription and captioning isn’t novel — it’s a decades-old venture with well-established players, like Nuance and Google.
  • To this end, it recently launched a human-in-the-loop transcription service for media firms with a delay of only a few seconds.