Speechmatics

Speechmatics is a Cambridge, England-based artificial intelligence company that develops automatic speech recognition, translation, and text-to-speech technology. It was founded in 2006 as Cantab Research by Tony Robinson, a speech-recognition researcher who did early work on recurrent neural networks, and later rebranded as Speechmatics.

The company sells speech-to-text APIs that transcribe audio across more than 50 languages, alongside real-time transcription, translation, and a voice agent product called Flow that pairs its recognition models with large language models and text-to-speech. Its Ursa family of models underpins these services, which can run in the cloud, on-premises, or on-device. Customers and partners include Adobe, Ubisoft, Veritone, LiveKit, and 3Play Media, and Speechmatics targets regulated sectors such as media, healthcare, and contact centers.

Led by chief executive Katy Wigdahl, who was promoted from chief financial officer, Speechmatics has raised roughly $90.6 million to date. In June 2022 it closed a $62 million Series B round led by Susquehanna Growth Equity, with participation from AlbionVC and IQ Capital, following an earlier venture round backed by Amadeus Capital Partners, AlbionVC, and IQ Capital. The company employs just over 100 people.