Skribe.ai

Skribe.ai

Verified
A Better Way To Take & Analyze Testimony. Learn more

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$14—21m (Dealroom.co estimates May 2024.)
Austin Texas (HQ)

Financials

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Revenues, earnings & profits over time
USD2023
Revenues0000
EBITDA0000
Profit0000
EV / revenue00.0x
EV / EBITDA00.0x
R&D budget0000
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DateInvestorsAmountRound
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round
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round
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$3.5m

Seed
Total Funding000k

Recent News about Skribe.ai

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Skribe.ai is a startup that has developed an innovative, AI-powered solution for the legal industry, specifically targeting the court reporting sector. The company was founded by a team comprising an attorney, a court reporter, and a tech expert, who identified significant inefficiencies and high costs in traditional court reporting services. Skribe.ai aims to address these issues by providing a more convenient and cost-effective alternative.

The primary service offered by Skribe.ai is a Zoom-integrated deposition software that allows legal professionals to capture and review legal testimonies without the usual hassles and expenses. This software is designed to be user-friendly and eliminates the need for additional software to review deposition testimony. The AI technology used by Skribe.ai can generate rough transcripts of depositions, which can then be proofread by humans if necessary. This ensures accuracy while significantly reducing the time and cost associated with traditional court reporting.

Skribe.ai primarily serves attorneys and law firms who are looking to streamline their deposition processes and reduce costs. The market for this service is substantial, given the growing shortage of court reporters and the increasing adoption of remote working tools like Zoom. By partnering with Zoom, Skribe.ai has optimized the deposition experience to meet the needs of modern legal professionals.

The business model of Skribe.ai is based on providing subscription-based access to its software, as well as charging for additional services such as human proofreading of AI-generated transcripts. This dual revenue stream allows the company to offer competitive pricing while maintaining high service quality.

In summary, Skribe.ai is revolutionizing the court reporting industry by leveraging AI and modern technology to offer a more efficient and cost-effective solution for capturing legal testimonies.

Keywords: AI-powered, legal technology, court reporting, deposition software, Zoom integration, cost-effective, user-friendly, legal professionals, transcription services, remote working.