Speechmatics Speech AI Software

Speechmatics is a technology company based in Cambridge, England, specializing in the development of advanced automatic speech recognition (ASR) software. Founded in 2006 by Dr. Tony Robinson, a specialist in speech recognition technology, the company leverages recurrent neural networks and statistical language modeling to provide cutting-edge ASR solutions. Originally named Cantab Research Ltd., it transitioned to Speechmatics Ltd. in 2012 as it moved to commercialize its groundbreaking products. The company's technology is designed to transcribe human speech into text with high accuracy, supporting a wide range of industries and use cases. Speechmatics places a strong emphasis on inclusivity, aiming to transcend gender or demographic barriers in speech recognition. Its software can be deployed across various platforms, including on-premises and in both public and private cloud environments, ensuring flexibility and accessibility for businesses of all sizes.

Speechmatics offers a comprehensive portfolio of products and services designed to harness the power of speech recognition for a wide array of applications. Its flagship offering includes a Speech-To-Text API that boasts high-accuracy transcription and translation in real-time, supporting an expansive range of 49 languages, including all local dialects and accents, with a single language model. This remarkable capability opens up opportunities for global reach and communication, making Speechmatics a trusted partner for businesses seeking to expand their audience base. Besides transcription, the company provides fast, low-latency translation services across more than 30 languages, tailored for real-time use cases like media broadcasting. With the advent of unique products like Global English and Global Spanish language packs, Speechmatics sets the standard for accent-agnostic transcription solutions, significantly enhancing the accuracy and comprehensiveness of speech-to-text services. Additionally, its Autonomous Speech Recognition software represents a leap forward in the field, outperforming major competitors by leveraging self-supervised models and the latest deep learning techniques.

Speechmatics.com offers powerful speech-to-text services and solutions designed to cater to a broad spectrum of business needs. Here are the key features of Speechmatics' offerings:

1. **High Accuracy Transcription and Translation**: Speechmatics leverages state-of-the-art machine learning to provide highly accurate transcription and translation services. It supports transcription in 49 languages, including all local dialects and accents, using a single language model with automatic language detection. This broad language support opens up a global audience for businesses, ensuring over half the world’s population can be reached effectively. Translation services are available in over 30 languages, designed for real-time use cases such as media broadcasting, ensuring fast, low-latency results.

2. **Unified API**: The platform offers a single, unified API that allows users to send audio and receive transcription and translation, simplifying the integration process and making it easier for businesses to expand their services globally.

3. **Advanced Voice-to-Text Features**: Future developments in speech-to-text technology at Speechmatics aim to include improved word error rate accuracy across languages, entity tagging within audio, better speaker diarization, and language identification. These features aim to enhance the quality and accuracy of the output, even in challenging scenarios such as noisy environments or with speakers of different accents and dialects.

4. **Machine Learning and Neural Networks**: Speechmatics uses advanced machine learning and neural networks for accurate speech recognition. This technology powers applications requiring accurate, mission-critical speech-to-text transcription, unlocking insights from data at scale.

5. **Flexible Deployment Options**: Speechmatics offers the flexibility of deploying its speech recognition technology on-premises, with a choice of cloud provider, or using Speechmatics’ own cloud offering. This ensures that businesses can keep their data secure and maintain control over personal or sensitive information.

6. **Customization and Control**: Businesses can benefit from features like precise timecodes for faster transcript searches, advanced punctuation, a custom dictionary to enhance transcription accuracy, and support for an extensive set of file formats. Speechmatics also provides customer-specific language models that can be trained on the user's own text data for improved accuracy.

7. **Applications Across Industries**: The software finds applications in various sectors, including media and entertainment for live and archived content transcription, contact centers for customer experience analysis, compliance for secure data handling, and more. It supports the automation of tedious tasks and extraction of new value from voice data, transforming business operations.

8. **Data Security and Privacy**: Speechmatics emphasizes data security and privacy, offering solutions that do not require storing customer audio and providing options for on-premises deployment without mandatory cloud hosting.

Speechmatics offers a pricing plan for its speech recognition API services with options that cater to different needs. The plan features a "Lite Mode" which allows users to batch transcribe at a lower rate when jobs are eligible. This mode is activated within the Billing section of the Portal, and while it offers cost savings, it also comes with certain conditions such as possible data retention for service improvement, potential delays during busy periods, and eligibility restrictions based on job configuration.

Additionally, for more standard usage, Speechmatics provides pricing for Batch Transcription at $0.80 per hour for a Standard service and $1.04 per hour for an Enhanced service. Real-Time Transcription is available at $1.04 per hour. This "Pay as you Grow" model is designed to accommodate both pre-recorded batch transcriptions and live stream real-time transcriptions, offering flexibility for different use cases.

Speechmatics.com customers include:

-Puzzel

-USAA

-The Royal Bank of Canada

-Tools On Air Broadcast Engineering GmbH

-Limecraft

-LiquidVoice

-aiconix

-Red Bee Media