As of November 2026, Latka tracks 105 transcription software companies. They have combined revenues of $776M and employ 6K people. They have raised $948.7M and serve 50K customers combined.
Every company below sells transcription software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.
Transcription software is designed to convert spoken language into written text, facilitating accurate documentation and communication across various industries. These tools are commonly used for recording meetings, interviews, lectures, and other audio formats, enabling users to generate searchable text easily. The primary features often include automatic speech recognition, customizable formatting options, and support for various file types, enhancing workflow efficiency for users. Professionals from multiple sectors, such as legal, medical, academic, and corporate environments, utilize transcription software to meet their documentation needs. In addition to improving accessibility for individuals with hearing impairments, these tools often assist in compliance with legal and regulatory standards. Common buyer personas include administrative assistants, researchers, content creators, and compliance officers, all seeking to streamline their documentation processes and improve information retention.
Sorting: Highest -> Lowest
Showing 10 of 105 companies ranked by annual revenue.
Munich, Germany
CoWin Copilot®️ Interview bring AI and human strength together. 1. ACE-ANY-INTERVIEW 2. CRACK-ANY-MEETINGS 3. 1:1-MENTORSHIP 4. YOUR-SIDE-HUSTLE Real-time STT Interview answers, Coding Support with Free CV generation. For candidates to excel any interviews.
San Francisco, California, United States
TranscribeMe is the global leader in speech to text transcription services, providing accurate and reliable transcription solutions to thousands of clients in a wide range of industries. With a worldwide network of highly trained transcriptionists, TranscribeMe is able to provide high-quality transcriptions at scale, fast turnaround times, affordable pricing, and the highest level of security. Our technology enables us to deliver solutions to industries that require the highest levels of consistent accuracy and high security, including the medical, legal, and AI training spaces. At the core of our offering is a proprietary workforce management & task distribution platform that utilizes the very latest in AI to ensure all kinds of tasks are done efficiently and at scale. This is paired with a network of highly trained & skilled global pool of freelancers to enable unstructured audio/video data to be accurately transcribed and annotated in a variety of languages and at any volume. Unique to TranscribeMe is the flexibility our platform and workflows allow. Our capabilities enable us to manage all types of content, and have processes that are compliant with HIPAA, GDPR, and CCPA, as well as content containing PCI & PII. We understand the security of your data is a top priority and have built our platform around ensuring data is stored, accessed, and managed with the highest information security protocols in place. With a global team and headquartered in the Bay Area, California, we work with companies all over the world and provide 24/7 support. We would be delighted to work with you on your transcription needs.
Mountain View, California, United States
With over 1 billion meetings captured, Otter.ai is the world’s leading AI Meeting Assistant. It provides teams everywhere with real-time automated meeting notes, summaries, and action items from in-person and virtual meetings. Otter AI Chat turns meetings into accessible and actionable information that can be shared across teams and organizations to increase collaboration and productivity.
New York, New York, United States
Verbit is an AI company that specializes in combining capturing the spoken word using artificial intelligence and supported by humans. It provides professional AI transcription and captioning solutions, delivering high accuracy and fast turnaround times.
Berkeley, California, United States
Krisp’s Voice AI technology enhances voice communication through audio cleansing, bi-directional noise cancellation, accent localization, speech-to-speech translation, and call transcription to elevate the customer and agent experience and increase the productivity of every conversation. Krisp technology processes over 75 billion minutes of conversations per month, improving the productivity and efficiency of hundreds of thousands of agents and CX professionals everywhere. Krisp is trusted by the world’s largest global call centers and service providers, who report that Krisp has helped them achieve up to a 78% drop in noise complaints, an 8% increase in CSAT, and as much as a 10% decrease in AHT.
Barcelona, Catalonia, Spain
Happy Scribe is an Audiovisual Language Platform, enabling media brands, traditional language service providers and corporates around the world to scale their audiovisual language needs with ease. By combining language experts with state-of-the-art AI, Happy Scribe helps teams securely manage contributors, streamline collaboration, and produce high-quality transcriptions, subtitles, and closed captions at speed.
Amsterdam, North Holland, Netherlands
We are AmberScript, a young start-up based in Amsterdam. We are building SaaS software that enables users to automatically transcribe audio to text using speech recognition. We are creating automatic speech-to-text engines with a team of dedicated language experts, resulting in the highest accuracy on the market. With this software, we help avoid the costs and pain of manually transcribing interviews, meetings, television shows, subtitles and so much more. Our goal is to make writing and typing redundant: pens are for drawing! We aim to become the tool that makes writing abundant by automatically transforming all audio and video files to transcripts, subtitles, insights, summaries, to-do lists, and notes.
San Francisco, California, United States
We want to radically improve how we humans communicate with each other. Our first step at Ava is to empower 466M deaf and hard-of-hearing people to live in a fully accessible world. Every day, millions of people are excluded from conversations because they cannot hear what others say well. Our CEO Thibault grew up in a Deaf family & witnessed firsthand how the world was not accessible for them. Together with our CTO Skinner — deaf since age 2 — Thibault co-founded Ava to make live captioning of conversations as easy as turning on captions on TV. Our small but fast-growing team has reinvented AI-based speech recognition technology to be in service of people who need it the most. We dream of a 24/7 accessible world, without any communication barrier. In this pursuit, we're seeing how critical communication skills are, yet very far from ideal, to unleash our collective potential. This is for us the ultimate barrier we need to lift. Our belief is that well-designed technology can help everyone communicate and connect better — much more effectively & authentically — so humanity can achieve the greatest things together.
Palo Alto, California, United States
Avoma is an AI Meeting Assistant and Revenue Intelligence solution for customer-facing teams for startups and scaleups. With Avoma, you can automatically record all your meetings, get full transcripts and summarized notes, and actionable insights synced directly to your CRM. AI-powered technology helps customer-facing teams capture important customer information, before, during, and after important meetings and shorten sales cycles and delight more customers. You can review calls and meetings faster by searching directly within transcripts and using identified topics to find exactly what you're looking for. Founded by Aditya Kothadiya, Devendra Laulkar, and Albert Lai, Avoma is the only solution built equally for both customer-facing reps and leaders.
Bengaluru, Karnataka, India
Introducing Rocket Journal: An AI-powered voice journal to decode your thoughts, uncover patterns, and unlock clarity — all in just minutes a day. Speak your mind in a safe rant space or reflect deeply with guided prompts. On iOS only. Coming soon to Android.
Latka tracks 105 transcription software companies with reported revenue. Together they generate $776M in annual revenue and employ 6K people.
CoWin is the largest, with $133M in annual revenue.
The average transcription software company in this list makes $7.4M a year, across 105 companies with reported revenue. They serve 50K customers combined.
Ranked by annual revenue, the leaders are CoWin, TranscribeMe, Otter.ai, Verbit and Krisp.
The 105 transcription software companies tracked here have raised $948.7M in disclosed funding between them.
- Must provide automatic transcription capabilities for audio and video content - Should support multiple file formats for input and output - Must include editing tools to enhance transcription accuracy - Should offer integration with other software tools, such as video conferencing platforms - Must provide options for searchable, exportable transcripts - Not just focused on manual transcription; must also offer automated transcription features