AssemblyAI

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Speech models
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AssemblyAI offers Conformer-1 and Conformer-2, which are speech AI models assisting users in converting spoken data into actionable insights. Its suite includes speech-to-text capabilities for various voice data formats, such as calls, virtual meetings, and podcasts. Additionally, its models cover speaker detection, sentiment analysis, chapter detection, PII redaction, and more, ensuring versatile applications. As an "applied AI" enterprise, AssemblyAI focuses on researching, training, and deploying AI models. Its mission centers on equipping developers and product teams with integrable AI models for various applications and services.

Moreover, the platform provides features such as Custom Vocabulary, Speaker Labels, Profanity Filtering, Word Timestamps, Confidence Scores, Word Timings, Filler Words, Speech Threshold, Custom Spelling, and Custom Formatting, enhancing the transcription experience.

Its LeMUR framework leverages large language models to swiftly generate summaries, perform intricate data inquiries, and extract deeper insights from voice data.

Trained on extensive data surpassing 1.1 million hours and supporting transcription in 17+ languages, it claims to have an automatic speech recognition model with over 90% accuracy.

Key customers and partnerships

Assembly AI’s platform is utilized by diverse entities across various industries, ranging from startups to Fortune 500 companies like BBC, Typeform, NBCUniversal, and Dropbox.

In September 2024, AssemblyAI partnered with Activepieces, a no-code and low-code automation platform, to launch an integration that allows users to access AI Speech capabilities within their automated workflows. The partnership introduces an AssemblyAI piece for Activepieces, allowing users to transcribe and analyze, build generative features, and configure and connect AssemblyAI's models to other services within their workflows. 


HQ location:
226 Market Street #4577 San Francisco CA USA
Founded year:
2017
Employees:
101-250
IPO status:
Private
Total funding:
USD 158.1 mn
Last Funding:
USD 50.0 mn (Series C; Dec 2023)
Last valuation:
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