Speechmatics is a STT / ASR company founded in 2006 and based in Cambridge, United Kingdom. It has raised $70.3M in total funding, most recently a Series B in 2022.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Jun 27, 2022 | Series B | $62M | — | Susquehanna Growth Equity |
| Oct 21, 2019 | Series A | $8.3M | — | AlbionVC |
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Sub-second ASR engine delivering final transcripts in under one second across 55+ languages, claimed as the fastest real-time engine in market benchmarks. Reaches 90%+ accuracy in real-world conditions; used by BBC, Verizon, and Veritone for live broadcast and contact-center workflows. Can be deployed in cloud, on-premises, or on-device for strict data-residency requirements.
High-accuracy asynchronous transcription service using the same underlying models as the real-time engine, ensuring consistent quality across both modes. Supports translation, summarization, and sentiment analysis as post-transcription layers. Specialized Medical Model reduces errors on clinical terminology by up to 50%, targeting healthcare transcription customers.
LLM-augmented analytics layer built on top of Speechmatics ASR that transforms transcripts into structured insights including summaries, topics, sentiment, and keyword extraction. Targeted at enterprise customers in media, contact centers, and government who need to operationalize large volumes of spoken-word data beyond simple transcription.
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