Verbit Secures $250 Million Series E Funding With Plans for Europe Expansion | Legaltech News – Law.com

AI-powered transcription platform Verbit announced Tuesday that it has closed on a $250 million Series E funding round led by Third Point Ventures with participation by Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, 40North, Samsung Next and TCP.

The $250 million investment includes $100 million in secondary transactions where an investor directly buys shares from an existing shareholder such as a company owner.

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