From 0 to Unicorn in 5 Years. Building an AI-Driven Transcriptions and Captioning Platform | Tom Livne, Verbit

Recently valued at $2 billion, Verbit is the latest AI-platform to reach unicorn status.  The startup has grown to $100mm in annual recurring revenue in only five years through its AI-driven transcription and captioning platform.    In this episode we sit with Tom Livne, Founder and CEO, to discuss several topics including how he leveraged the gig economy to build a more powerful AI product, growth through acquisition, how a vertical focus can drive better predictions, and much more.   If your company is looking to scale it’s AI initiatives, head over to Tesoro AI (www.tesoroai.com) – experts in AI strategy, staff augmentation, and AI product development.   Timestamps: 1:36  Verbit receives $2B valuation on 6x year over year growth 2:30  Tom’s journey from military special forces to law to tech entrepreneur 5:25  The Genesis of Verbit: discovering the challenges behind transcription editing 9:20 Use cases for Verbit’s transcription automation services 13:15  Recruiting a technical cofounder to be the brains behind the AI 16:06  How Verbit works 18:15  Determining a suitable accuracy rate for Verbit’s AI-driven predictions X20:15  How a focus on specific verticals impacted go-to-market and improved prediction capabilities 24:30  Building out a 35K freelance network of transcriptionists 27:35  Getting access to date to build an AI product 28:45  How Verbit acquired its first few customers + finding product market fit 34:12  Verbit raises $250mm Series E  and its plans for growth 35:53  A sneak peek into upcoming products 38:00  How Tom thinks about AI talent at Verbit 40:30 Growth via acquisition of mom and pop transcription services