Speechmatics
Speechmatics is a British speech recognition API that turns live or recorded speech into text in more than 55 languages. Product and data teams build it into meeting tools, contact center analytics, captioning and voice agents.
Key functions
- Realtime and batch transcription in more than 55 languages, including code-switching within a sentence
- Speaker diarization and custom vocabulary included
- Dedicated model for medical terminology
Compared with PolyAI
- Publishes a price (from $0.13 usage-based); PolyAI quotes on request.
- Can store data in the EU; PolyAI states no EU option.
- Targets companies under 50 employees, which PolyAI does not.
Check before buying: Choose the regional endpoint deliberately: batch jobs stay in the region of the endpoint you call, and besides the EU, US and Australian realtime endpoints there is a global one. The vendor states that data is not logged as standard, that realtime audio is not stored and that batch data is deleted after seven days unless you opt in to its training discount programme. It lists ISO/IEC 27001, SOC 2 Type II and HIPAA. Costs grow with audio hours, so estimate volume and concurrency limits. Medical transcripts are health data under GDPR Article 9.











