Speechmatics

Speechmatics is a leading automatic speech recognition (ASR) and audio intelligence company founded as a Cambridge University spin-out in 2006, with over 18 years of specialisation in multilingual speech technology. The company has raised $90.6 million in total funding and scaled revenue 10x in 2025 through focus on enterprise healthcare documentation AI.

Speechmatics supports 50+ languages with the broadest commercial dialect coverage of any ASR provider, making it the preferred choice for multilingual enterprise deployments in healthcare, financial services, media, and contact centres. Healthcare customers achieve 21x ROI through autonomous clinical documentation workflows, returning over 30 million minutes of physician time through real-time clinical note generation.

Three deployment models serve different enterprise requirements: cloud API, self-hosted container deployment for data sovereignty, and on-device edge processing for environments where audio cannot leave the local infrastructure. Real-time streaming transcription achieves 200ms latency with word-level timestamps, confidence scores, and speaker identification needed for accurate multi-speaker clinical documentation.

The Speechmatics Universal language model handles code-switching (switching between languages mid-sentence) and heavily accented speech that fails in competing systems. Compliance certifications include SOC 2 Type II, ISO 27001, GDPR, and HIPAA-compatible deployment options.

Enterprise customers include NHS organisations, global financial institutions, and government agencies in the EU and UK requiring on-premise or sovereign cloud ASR.