AI-powered transcription startup Verbit raises $157M

Verbit AI

Verbit today announced the close of a $157 million series D round that the company says will bolster its product R&D and hiring efforts. CEO Tom Livne, who noted that the raise brings the company’s post-money valuation to more than $1 billion, said that the capital will also support the company’s geographic expansion as it prepares for an initial public offering.

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Fireflies.ai raises $14M for its meeting transcription and automation service

Fireflies

The Fireflies.ai project is a good reminder that not every startup project goes from idea to unicorn-status in 48 minutes. Instead, the startup’s CEO Krish Ramineni told TechCrunch about how a period of interest in natural language processing (NLP), tinkering with a friend, a stint at Microsoft, and even working on Slack bots led him to helping found Fireflies.ai (Fireflies), a company that today announced a $14 million raise led by Khosla.

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Google Meet adds Real-Time Transcription from Voice Tech Startup Otter.ai

Otter AI and Google Meet

Google Meet conferences can now add real-time transcriptions and captions using Otter.ai’s new Live Notes and Video Captions Google Chrome extensions, respectively. The free Otter’s speech-to-text technology is part of Google’s efforts to capture a bigger segment of the enterprise videoconferencing market as it explodes in the wake of the global pandemic, including the approximately 100 million daily users of Google Meet.

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Papercup raises $10.5 million to dub videos with AI-generated speech

Papercup, a U.K.-based startup developing speech translation technology for video creators, has raised $10.5 million in venture funding. The company says the funds will be put toward machine learning research and expanding its human-in-the-loop quality control feature for customers’ AI-translated videos.

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