Verbit is a rising artificial intelligence program with the ability to recognize speech and transcribe audio and video files. More than 150 customers in legal services and higher education use the program including court reporting services and universities such as Harvard and Stanford. There is increasingly a need for faster court reporter transcriptions and an ongoing shortage of about 5,000 court reporters in the US. The co-founder and CEO, Tom Livne, sells the program primarily to court reporting services instead of law firms because firms often contract with court reporting services to transcribe depositions and other legal proceedings.
