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The speech recognition industry has expanded far beyond simple transcription. Companies now apply this technology to fields like marketing, healthcare, and customer service.
For example, Invoca has raised over $201M for its conversation intelligence platform. Meanwhile, Corti is using AI to assist with patient consultations in the healthcare sector.
Below is our list of 35 Speech Recognition startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
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Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
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Get the Sheet for $50Deepgram builds AI speech models that give developers powerful tools for transcription and audio intelligence. Their technology is known for its speed and accuracy, powering everything from real-time captioning to advanced voice agents.
Yoodli develops an AI platform that acts as a private communication coach for practicing speeches and interviews. Their technology provides real-time, confidential feedback to help users improve their delivery and confidence.
Invoca builds an AI conversation intelligence platform used by marketing, sales, and e-commerce teams. The platform analyzes customer conversations to uncover insights that help businesses increase revenue and improve the customer experience.
CAMB.AI builds AI infrastructure to help localize internet content and conversations. Their proprietary speech and translation models are used to dub audio and video for the media, sports, and entertainment industries.
Interactions develops intelligent virtual assistant solutions that help Fortune 500 companies automate customer service. Their conversational AI platform handles complex customer inquiries through both voice and digital messaging channels.
Corti develops an AI co-pilot that assists healthcare professionals during patient consultations. Their platform uses speech recognition to provide real-time guidance for triage and to automate clinical documentation.
Hive provides a full-stack AI platform with a portfolio of models for content moderation, generation, and understanding. They also offer a large-scale data labeling service that uses a distributed workforce to create high-quality datasets for machine learning.
Replicant builds contact center automation software to help companies resolve their most common customer service issues. Their AI-powered Thinking Machine can handle complex requests over the phone with a conversational, human-like voice.
Exotel builds a full-stack customer engagement platform designed for businesses in emerging markets. The company offers a unified solution with contact center software, communication APIs, and conversational AI to manage customer experiences.
Descript offers a collaborative audio and video editor that works like a document, transcribing media so it can be edited as text. Their AI-powered platform helps creators and teams streamline the production of podcasts, videos, and other media.
Our top picks are just the beginning of the story. Together, the companies that follow have raised over $2 billion, with many of them focused on AI.
You'll see brand new startups from 2024 alongside more established players. Below is a look at the other companies shaping the speech recognition space.
| Startup | Main Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Security | 2011 | $318.3M | Debt Financing | |
| AI | 2008 | $620.9M | Series E | |
| AI | 2017 | $152M | Series C | |
| Hardware | 2013 | $174.6M | Series C | |
| AI | 2006 | £56.7M | — | |
| Enterprise | 2018 | £15.5M | Series A | |
| AI | 2016 | $107.3M | Series C | |
| AI | 2017 | $116M | Series C | |
| AI | 2012 | $264.9M | Venture Round | |
| Marketing | 2005 | $21.3M | Private Equity | |
| AI | 2020 | $58M | Series A | |
| AI | 2024 | $1M | Pre-Seed | |
| AI | 2020 | $4.5M | Seed | |
| AI | 2019 | $56M | Series A | |
| AI | 2016 | $28.1M | Series B | |
| Analytics | 2019 | $8.9M | Series A | |
| AI | 2016 | $1.2M | Series A | |
| AI | 1991 | €98.8k | Grant | |
| AI | 2018 | $7.8M | Venture Round | |
| AI | 2016 | $1.5M | Seed | |
| AI | 2017 | $7.2M | Seed | |
| AI | 2020 | €850k | Seed | |
| AI | 2024 | £575k | Pre-Seed | |
| AI | 2022 | $100k | Pre-Seed | |
| AI | 2023 | — | — |
