How much does Speechmatics cost?
- Free plan
- Yes
- Usage price
- $0.24/minute
- Enterprise
- Contact sales
In your favor
- Free plan. $100 in credit with no card required; if on the free tier, API access pauses once credits run out. Limited to 2 concurrent real-time sessions.
Watch out for
- Extra usage is billed. Overages billed at end of month: discounted rate on subscription, base rate if card on file.
How you buy and get started
- Sign up
- Self-serve signup with no card required "Start with $100 in credit, no card required."
- Setup
- Create an API key and connect via SDKs "Create your key, connect your workflow and bring accurate speech-to-text API performance into your product."
- When sales steps in
- Enterprise features (on-prem, on-device, unlimited concurrency, SSO add-on) require contacting sales "On-prem containers, virtual appliances, hybrid deployments and on-device are all available on Enterprise. Contact sales to learn more"
- Support
- Free: community and docs; Pro: portal chat and email; Enterprise: dedicated CSM and Solutions Engineer "Free: community support and docs. Pro: portal chat and email support. Enterprise: a dedicated Customer Success Manager and Solutions Engineer."
What Speechmatics does
Speechmatics sells speech-to-text APIs (pre-recorded and real-time), plus text-to-speech and a voice agent model, billed by usage credits. It offers a free $100 credit start, self-serve pay as you go, credit packs and subscriptions, and enterprise contracts with on-prem and on-device options.
- Good for
- Developers and enterprises building transcription, live captioning, voice agents, contact center analytics, medical and legal transcription, and meeting platforms.
- Channels
- API, Web portal, On-prem containers, On-device
- Main product
- Speechmatics Speech-to-Text API
- Also includes
- Real-time and pre-recorded transcription, 55+ languages with code-switching (Melia 1), Speaker diarization, Custom dictionary, Medical model (Oak 1), Voice agent model (Linden 1)
- Connects to
- LiveKit, Adobe Premiere, Stenograph CATalyst VP
- Public API
- Yes
- MCP server
- Not stated
- Speaker identification
Speaker diarization and custom vocabulary are included, so transcripts identify who's speaking and capture you
- Multiple languages supported
Transcribe 55+ languages with a single model, even when speakers switch between languages naturally throughout
- Live meeting transcription
Real-time speech-to-text in 350ms
- AI summaries and action items
| Summaries | $0.12 / hr |
- Human proofreading optionNot stated
- API access
Speech-to-text API built for every language and accent
- Zoom, Teams, Meet integrationsNot stated
- SOC 2 / HIPAA compliance
HIPAA, GDPR, SOC 2 and ISO 27001 compliant, deployed on-device, on-prem or in the cloud.
- Export and subtitle formatsNot stated
- Custom vocabulary
Supports custom dictionary and advanced punctuation.
The same 10 checks appear on every tool in AI transcription software. Each tick quotes the vendor's own site.
Security and your data
| Question | Their answer | Where it says so |
|---|---|---|
| Trains AI on your data? | no | "your data is never used to improve our models."pricing |
| HIPAA (signs a BAA) | available | "additional documents (such as our DPA and Sub-BAA) are available in the [Trust Center]"pricing |
| SOC 2 | SOC 2 Type II | "Trusted where privacy matters most - SOC 2 Type II-certified."security |
| GDPR | compliant | "Compliant with privacy and compliance directives such as the GDPR."security |
| CCPA | Not stated | |
| PCI | Not stated | |
| ISO 27001 | ISO/IEC 27001:2022 | "Privacy and compliance built in with our ISO/IEC 27001:2022 accreditation."security |
| Single sign-on | Enterprise paid add-on, $280/mo | "Paid add-on, $280/mo"pricing |
| Trust center | https://speechmatics.safebase.us/ | "View Trust Center"security |
Security answers are the vendor's own claims, quoted. We don't audit them.
Every plan
| Plan | Monthly | Billed yearly | Included | Over the allowance | Where it says so |
|---|---|---|---|---|---|
| Free (sign-up credit) | – | – | 100 credits | – | "Start with $100 in credit, no card required." |
| Pre-recorded Melia 1/ hr | $0.24per minute | – | – | – | "**$0.24**/ hr" |
| Pre-recorded Enhanced/ hr | $0.75per minute | – | – | – | "**$0.75**/ hr" |
| Pre-recorded Oak 1 Medical/ hr | $0.30per minute | – | – | – | "**$0.30**/ hr" |
| Pre-recorded Standard/ hr | $0.45per minute | – | – | – | "**$0.45**/ hr" |
| Real-time Melia 1/ hr | $0.40per minute | – | – | – | "**$0.40**/ hr" |
| Real-time Enhanced/ hr | $0.80per minute | – | – | – | "**$0.80**/ hr" |
| Real-time Linden 1 agent STT/ hr | $0.30per minute | – | – | – | "~~$0.40~~**$0.30**/ hr" |
| Real-time Standard/ hr | $0.45per minute | – | – | – | "**$0.45**/ hr" |
| Text to Speechper 1,000 characters | $0.01per characters | – | 1e+06 characters | – | "ayment methods and discounts are covered under ways to buy. text to speech natural, low-la" |
| Enterprise | Quote | – | Unlimited | – | "Custom pricing, unlimited files per second and real-time concurrency that adjusts to deman" |
Free plan: $100 in credit with no card required; if on the free tier, API access pauses once credits run out. Limited to 2 concurrent real-time sessions.
Fine print
- Auto renew
- Not stated
- Billed beyond usage
- Overages billed at end of month: discounted rate on subscription, base rate if card on file. "When your credits run out on a subscription, your overages will be billed at your discounted rate at the end of the month."
- Billing increment
- Per second "your usage consumes them down to the second at an hourly rate."
- Contract
- Self-serve: standard terms of service; Enterprise: Master Services Agreement "Standard terms of service"
- Price change notice
- Not stated
- Refunds
- Not stated
"Not stated" means we read their pricing page and terms and they don't say.
About the company
- Legal name
- Cantab Research Limited (trading as Speechmatics)
- Address
- One Cambridge Square, Milton Avenue, Cambridge, CB4 0AE, United Kingdom
- Online since
- May 10, 2006 Domain registration date
- Founder
- Dr Tony Robinson
- Funding
- IQ Capital invested at end of 2016 "IQ Capital invested into Speechmatics at the end of 2016"
- Funding
- Amadeus Capital Partners invested in late 2016 "which led to an investment in late 2016"
- Customers
- "Trusted by millions of users globally" their claim
- Backing
- "Investors include Susquehanna Growth Equity, Albion VC, IQ Capital, Amadeus Capi" their words
Speechmatics alternatives
TurboScribe$10 /moFree plan · checked Oct 29, 2026
GoTranscript$35 /mochecked Oct 29, 2026
Trint$69 /mochecked Oct 29, 2026
AssemblyAI$0.21 /minuteFree plan · checked Oct 29, 2026
Sonix$22.92 /mochecked Oct 29, 2026Reviews elsewhere
We link to reviews instead of copying ratings: those sites don't allow reuse, and we don't test products ourselves.
Questions
Is Speechmatics free?
Yes. $100 in credit with no card required; if on the free tier, API access pauses once credits run out. Limited to 2 concurrent real-time sessions.
Does Speechmatics train AI on your data?
No, according to Speechmatics: "your data is never used to improve our models."
Is Speechmatics HIPAA compliant?
Speechmatics says a HIPAA BAA is available.
