Speechmatics

speechmatics.com
AI & Machine Learning
Weekend Project

AI Speech Technology | Speech APIs powering Voice AI

How to Replace Speechmatics

Overview

Speechmatics is an AI-powered speech technology platform offering low-latency speech-to-text and text-to-speech APIs for multilingual, multi-speaker conversations. It supports 55+ languages and enables real-time transcription, voice AI agents, and live captioning across healthcare, media, contact centers, and other enterprise use cases.

Features

35 features across 22 categories

AI Customization(1)

Custom ModelsAIPremium

Develop custom AI models tailored to specific use cases

Batch Processing(1)

File Jobs Processing

Process multiple file transcription jobs with per-second rate limits

Also in: Fotor

Broadcasting(1)

Live CaptioningAI

Real-time caption generation for live events, sports, and news broadcasts

Contact Center(1)

Contact Center AnalyticsAIPremium

Voice AI for contact centers to reduce wait times, increase agent productivity, and improve customer experience

Core API(2)

Speech-to-TextAI

Real-time and file-based speech-to-text transcription with low latency

Text-to-SpeechAI

Convert text to natural-sounding speech with low-latency support for voice agents

Customization(2)

Custom VocabulariesPremium

Fine-tune transcription with custom vocabularies specific to your domain

Formatting RulesPremium

Flexible formatting rules to customize transcription output

Also in: monday.com, Obsidian, Smartsheet

Deployment(4)

Cloud DeploymentAI

Deploy Speechmatics in the cloud with flexible options

Multi-Region Cloud OptionsPremium

Deploy across multiple cloud regions for redundancy and compliance

On-Device DeploymentAIPremium

Deploy Speechmatics on-device for privacy-critical use cases with no data logging

On-Premises DeploymentAIPremium

Deploy Speechmatics on-premises for maximum privacy and control

Also in: Kubernetes Dashboard, Hugging Face, Bitwarden

Developer Tools(2)

API Documentation

Comprehensive API documentation for developers

Flexible API

Flexible API for easy integration into applications

Also in: Jobber, Hugging Face, 1Password

Domain-Specific(1)

Medical ModelAIPremium

Specialized transcription model for healthcare and medical terminology, reducing errors on key terms by up to 50%

Integrations(1)

Native Integrations

Native integrations with popular platforms and frameworks

Language Support(2)

Custom Language DevelopmentAIPremium

Develop support for custom languages beyond the standard 55+

Multilingual SupportAI

Support for 55+ languages and dialects covering over half the world's population

Machine Learning(1)

Model TrainingAI

Enable model training to improve Speechmatics for your use case using anonymized data, with discounted pricing as a benefit

Medical(1)

Ambient ScribeAIPremium

Automatic transcription for medical conversations and dictation support

Privacy(1)

No Data Logging

Standard practice of not logging user data as default

Real-time Processing(1)

Live TranscriptionAI

Real-time speech-to-text with sub-1 second latency without compromising accuracy

Scalability(1)

Concurrent Real-Time Sessions

Support for multiple concurrent real-time transcription sessions

Security(1)

Data Encryption

Data encrypted in transit and at rest

Security & Compliance(4)

GDPR Compliance

Compliant with GDPR privacy and compliance directives

HIPAA Compliance

Fully compliant with Health Insurance Portability and Accountability Act

ISO 27001 Compliance

ISO/IEC 27001:2022 accreditation for information security management

SOC 2 Type II Certification

SOC 2 Type II certified for privacy-critical use cases

Transcription(4)

Audio AlignmentAIPremium

Audio alignment capabilities included in enterprise offerings

Enhanced Accuracy ModelAIPremium

Proprietary transcription model providing best-in-class accuracy across all languages

Multi-Speaker RecognitionAI

Speaker-aware transcription for conversations with multiple speakers

Standard Accuracy ModelAI

Proprietary transcription model offering great accuracy with focus on file turnaround time and cost-control

Translation(1)

AI TranslationAIPremium

AI-powered translation across 69 language pairs

Voice AI(1)

Voice AI AgentsAI

Sub-second, speaker-aware speech-to-text and text-to-speech for building AI voice agents

Voice Customization(1)

Custom Voice DevelopmentAIPremium

Develop custom voices for text-to-speech applications

Pricing

Free

Free
  • 480 minutes per month speech-to-text
  • 55+ languages
  • 2 concurrent real-time sessions
  • 1 million characters (~20 hours) per month text-to-speech
  • Low-latency TTS (English, more languages coming soon)
  • No credit card required

Pro

Popular
From $0.24/hr
  • 55+ languages speech-to-text
  • 480 minutes per month free
  • 50 concurrent real-time sessions
  • 10 file jobs per second
  • 1 million characters (~20 hours) per month text-to-speech
  • Low-latency TTS (English, more languages coming soon)
  • 20% discount available
  • No commitment required
  • Sign up now to lock in lowest price
  • Online email support
  • Capped at 6,000 hours per month

Enterprise

Custom
  • 55+ languages speech-to-text
  • All features including audio alignment
  • No rate limits
  • Privacy-first deployment options
  • Multi-region cloud options
  • Custom models
  • Text-to-speech SaaS or on-premises deployment
  • Lowest-latency, highest privacy STT & TTS in your environment
  • Highest concurrency
  • Custom voice development
  • Custom language development
  • Best discounts available
  • Prioritized service and support
  • Early features access
  • Dedicated Enterprise support team
  • Data encrypted in transit and at rest
  • Compliance-ready infrastructure
  • Dedicated Customer Success Manager
  • Dedicated Solutions Engineer
  • Volume discounts
  • Custom billing

Cost Calculator

Pricing data not available for Speechmatics. Check their website for current pricing.

Build vs Buy

Should you build a Speechmatics alternative or buy the subscription? Estimate based on 35 features.

Buy Speechmatics

Better Value
Monthly costContact Sales
3-year totalVaries
Time to deployDays

Build Your Own

Development cost$24,000
Maintenance$360/mo
3-year total$36,960
Dev time~2 months

Buying Speechmatics saves ~$36,960 over 3 years vs building.

Estimates based on 35 features and a BuildScore of 5/5. Actual costs vary.

Integrations

3 known integrations

Boost.aiLiveKitPipecat