Best Speech to Text Software for ElevenLabs

Best-in-Market Speech-to-Text & Voice AI for Enterprises. Speechmatics delivers industry-leading Speech-to-Text and Voice AI for enterprises needing unrivaled accuracy, security, and flexibility. Our enterprise-grade APIs provide real-time and batch transcription with exceptional precision—across the widest range of languages, dialects, and accents. Powered by Foundational Speech Technology, Speechmatics supports mission-critical voice applications in media, contact centers, finance, healthcare, and more. With on-prem, cloud, and hybrid deployment, businesses maintain full control over data security while unlocking voice insights. Trusted by global leaders, Speechmatics is the top choice for best-in-class transcription and voice intelligence. 🔹 Unmatched Accuracy – Superior transcription across languages & accents 🔹 Flexible Deployment – Cloud, on-prem, and hybrid 🔹 Enterprise-Grade Security – Full data control 🔹 Real-Time & Batch Processing – Scalable transcription 🚀 Power your Speech-to-Text and Voice AI with Speechmatics today!

ElevenLabs has unveiled Scribe, a cutting-edge Automatic Speech Recognition (ASR) model that aims to provide remarkably accurate transcriptions in 99 different languages. This innovative system is tailored to effectively manage a wide range of real-world audio situations, featuring capabilities such as word-level timestamps, speaker identification, and audio-event tagging. In benchmark evaluations like FLEURS and Common Voice, Scribe has outperformed leading models, including Gemini 2.0 Flash, Whisper Large V3, and Deepgram Nova-3, achieving impressive word error rates of 98.7% for Italian and 96.7% for English. Additionally, Scribe shows a significant reduction in errors for languages that have often faced challenges, such as Serbian, Cantonese, and Malayalam, where competing models frequently report error rates above 40%. Furthermore, developers can easily incorporate Scribe into their applications via ElevenLabs' speech-to-text API, which returns structured JSON transcripts enriched with comprehensive annotations. This level of accessibility and performance is set to revolutionize the field of transcription and enhance the user experience across various applications.