Rev is
an American speech-to-text company
that provides closed captioning, subtitles,
and transcription services. The company, based in San Francisco and Austin, was
founded in 2010 and raised millions in funding since its inception. Its 50,000
independent contract workers transcribe audio for a low per-minute rate. The
service is used by major companies including Amazon and Microsoft. PC Magazine named
the service an "Editor's Choice" in 2018, and ranked it as the
best transcription service in 2019.
The company received press in November 2019 for lowering its
base transcription worker pay rate from 45 cents per transcribed minute to 30
cents. Rev popularized itself on its customer rate pricing
of US$1 per minute of transcribed audio. In 2020, Rev raised its rate
to $1.25. The company predicted that the number of jobs per transcriber would
not decrease and that transcribers would be paid more for "harder jobs."
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