Speechmatics

Speechmatics is a UK-based speech-to-text platform known for accuracy across roughly 50 languages plus regional dialects and accents. It offers batch and real-time transcription APIs and, unusually, supports cloud, on-premises, and hybrid deployment, making it well-suited to regulated and security-conscious organizations. Features include automatic formatting, speaker diarization, and sentiment analysis. Pricing is usage-based with a free monthly allowance and volume discounts. The company raised a $62 million Series B in 2022.

Speechmatics is a UK-based speech recognition company known for accuracy across a wide range of languages, dialects, and accents. Its speech-to-text engine handles both batch and real-time transcription and can be deployed in the cloud, on-premises, or in hybrid configurations, which makes it a common choice for organizations with strict data-security or residency requirements. The platform layers on capabilities like automatic formatting, speaker diarization, and sentiment analysis, and supports transcription in roughly 50 languages including regional dialects. Pricing is usage-based through a Pay As You Go / Pro model, with a free allowance each month and volume discounts for high-usage customers. Speechmatics raised a $62 million Series B in 2022 led by Susquehanna Growth Equity and has focused on enterprise and developer use cases where deployment flexibility and accuracy matter more than being the absolute cheapest per minute. It competes with Deepgram and AssemblyAI, differentiating on accent coverage and on-prem options.