Philips SpeechLive
- Company typePrivate
- Founded1954
- HeadquartersLondon, United Kingdom
- Headcount—
- GTM typeB2B
- OfferingSoftware
What Philips SpeechLive does
Philips SpeechLive is a cloud-based dictation, transcription, and AI speech-recognition platform operated by Speech Processing Solutions GmbH, an Austrian company headquartered in Vienna with US operations through Speech Processing Solutions USA Inc. in Atlanta. The business sits under the Philips brand via a licensing arrangement with Royal Philips and serves more than 60,000 legal, healthcare, and other professional users across 25+ countries, with a 70-year heritage in speech-to-text solutions dating to the 1954 founding of Speech Processing Solutions. The platform combines web-based dictation (Chrome/Edge Voice Recorder), a smartphone app, and proprietary Philips SpeechMike hardware (including the 2024-launched SpeechMike Ambient wearable for healthcare) into a workflow that routes recordings to assistants, teams, or external transcription services with customizable routing rules.
The technical stack is built on Microsoft Azure infrastructure, leveraging Azure Cognitive Services and Azure OpenAI Service for speech recognition and natural language processing, with regional data residency in the US, Canada, Europe, and Australia, SSL/https encryption, and 99.9% uptime SLA. Domain-specialized AI capabilities include the SpeechLive Health AI Assistant for ambient clinical conversation capture and the SpeechLive Legal AI Assistant for structured legal document generation (announced as coming soon). Optional Nuance Dragon speech recognition can be substituted for the built-in engine, and integrations exist with iManage (document management) and Actionstep (legal practice management).
Revenue is generated through a combination of recurring software subscription licenses billed quarterly in advance, usage-based transcription credit purchases with 24-month validity, bundled speech-recognition subscriptions with a 1000-minute-per-month fair-use cap, optional 12-month Nuance Dragon licenses, and hardware sales of SpeechMike dictation microphones. Go-to-market blends direct enterprise field sales, a certified reseller channel (e.g., Total Voice Technology), and a product-led self-serve motion offering a free 14-day trial, with demand generation through industry events such as ILTACON, webinars, content marketing, and a localized e-commerce storefront. Customer concentration is moderate and skewed toward large law firms (Milbank, Freshfields, Taylor Rose, Reminger, Raue, Awdry Law, Ison Harrison, Law Group, Kucera Rechtsanwälte) plus healthcare organizations including the NHS and The Holly Private Hospital, with the legal vertical representing the dominant segment.
Philips SpeechLive firmographics
Firmographics- Name
- Philips SpeechLive
- Legal name
- Speech Processing Solutions USA Inc.
- Website
- https://speechlive.com
- Company type
- Private
- Founded year
- 1954
- Operating status
- Operating
- Ownership category
- akta.pro rank
Philips SpeechLive industry classification
Industry- Product category
- Speech Recognition & Dictation Software
- NAICS
- Court Reporting and Stenotype Services (561492), Translation and Interpretation Services (54193)
- SIC
- Computer & Office Equipment (3570)
- akta.pro primary industry
- Speech Recognition, Dictation & Medical Transcription Platforms (HLACAAAI)
- akta.pro secondary industry
- Voice Assistants & Voice UI (VUI) (HDAAAFAD)
Keywords
Where Philips SpeechLive is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Philips SpeechLive business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations
Revenue model
- Software Subscription Licenses: Ongoing license fees billed quarterly in advance for SpeechLive service access, including transcription and speech recognition features. Automatic renewal at end of each term.
- Transcription Credits: Purchase of transcription minute credits for converting dictations to text. Credits valid for 24 months after purchase. Pricing varies by language (English UK/US, French), priority level (standard vs high), and number of speakers.
- Speech Recognition License: Additional license for speech recognition with fair-use policy of 1000 minutes per contract month. Bundled with SpeechLive subscription.
- Nuance Dragon Speech Recognition: Optional Dragon speech recognition license provided by Nuance Communications for users preferring Dragon technology. 12-month subscription term.
- Dictation Hardware Sales: Sales of Philips SpeechMike hardware devices including the SpeechMike Premium and SpeechMike Ambient wearable AI assistant microphone
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | SpeechLive Subscription with Transcription Credits |
| Subscription | Annual | SpeechLive Speech Recognition Add-on |
| Subscription | Annual | Dragon Speech Recognition License |
| Usage-based | Pay-as-you-go | Transcription Credits - Multi-speaker |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Philips SpeechLive product offering
Product offeringCore offering
Philips SpeechLive is a cloud-based dictation, transcription, and AI speech recognition platform that lets professionals record voice dictations via web browser, smartphone app, or Philips SpeechMike hardware, automatically route them to assistants or transcription services, and convert them to text using AI-powered speech recognition. It is offered primarily to legal firms and healthcare organizations with vertical-specific AI assistants (Health AI Assistant for clinical documentation; Legal AI Assistant for legal documents) and includes optional Nuance Dragon speech recognition and Philips SpeechMike dictation hardware.
Product overview
Philips SpeechLive is an all-in-one cloud-based dictation and transcription platform designed for legal, healthcare, and other professional industries. The core offering includes the SpeechLive platform for dictation, transcription, and speech recognition workflows, with specialized AI assistants for healthcare (Health AI Assistant) and legal (Legal AI Assistant). Users can dictate via web browser (Chrome/Edge), smartphone app, or Philips hardware devices (SpeechMike), with automated routing to assistants, teams, or external transcription services. The platform integrates with Microsoft Azure for hosting, offers both built-in AI speech recognition and optional Nuance Dragon integration, and supports organizations in over 25 countries. The platform serves 60,000+ professionals and claims up to 79% transcription cost savings and 7x faster document creation.
Differentiator
Problem solved
Functional benefit
Brands
- SpeechLive Health AI Assistant: AI assistant for accurate, trusted clinical documentation in healthcare settings.
- SpeechLive Legal AI Assistant
Products and services
- SpeechLive Platform Cloud-based platform for recording, transcribing, and managing dictations that supports dictation via Chrome/Edge browsers, smartphone app, or Philips SpeechMike hardware, with automated workflow routing of recordings to assistants, teams, or external transcription services. Designed for legal, healthcare, and other professional industries globally.
- SpeechLive Speech Recognition AI-powered speech recognition add-on subscription that converts voice dictations to text automatically, available as a separately licensed capability on the SpeechLive platform with a fair-use policy of 1,000 minutes per contract month. Customers can choose SpeechLive built-in recognition or alternative Nuance Dragon recognition.
- SpeechLive Health AI Assistant Specialized AI assistant for healthcare that uses ambient AI to capture clinical conversations and generate structured, accurate clinical documentation. Sold as a separate product with its own pricing page and optimized for fast-paced clinical environments such as hospitals and clinics.
- Philips SpeechMike Professional-grade dictation microphone hardware designed for maximum precision in voice capture, compatible with the SpeechLive platform. Award-winning device used by legal and healthcare professionals, sold separately as a physical product.
- Philips SpeechMike Ambient Next-generation wearable AI assistant microphone designed for healthcare environments. Uses ambient AI to capture clinical conversations and is sold as a hardware device compatible with the SpeechLive Health AI Assistant workflow.
- SpeechExec Software Desktop dictation software that uploads dictations to SpeechLive online storage with automatic SSL/HTTPS encryption and optional additional encryption for double encryption. Sold as a standalone desktop product that integrates with the SpeechLive cloud platform.
- Nuance Dragon Cloud Speech Recognition Optional AI-powered speech recognition provided by Nuance Communications and resold through SpeechLive on a 12-month subscription basis for users who prefer Dragon technology. Subject to Nuance End User License Agreement and cannot be mixed with SpeechLive built-in speech recognition.
Quantifiable outcome
- 7x faster document creation
- +3 more outcomes
Companies that use Philips SpeechLive
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles3 records
Philips SpeechLive technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability7 records
Feature7 records
Philips SpeechLive partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Microsoft AzurecorePrimary hosting partner for SpeechLive cloud infrastructure. Microsoft Azure provides enterprise-level security standards, 99.9% uptime guarantee, and global data center coverage. Data centers in USA, Canada, Europe, and Australia serve regional SpeechLive users.
- Nuance CommunicationscoreNuance Dragon Cloud Hosted Speech Recognition (DLA, DPA & DPA-LE) integrated into SpeechLive as optional add-on. Users can choose between SpeechLive's built-in speech recognition or Nuance Dragon for Dragon Medical SpeechKit functionality.
- Total Voice TechnologycorePhilips-certified reseller partner that facilitated Reminger Co., LPA's rapid 72-hour firm-wide deployment of SpeechLive. Provides regional sales, implementation support, and customer training.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Philips SpeechLive competitors and assessment
Company assessmentDirect peers
- Nuance Communications: Nuance (owned by Microsoft) is the dominant provider of Dragon Medical and Dragon Legal speech recognition — the most direct competitor to SpeechLive in clinical and legal dictation. SpeechLive even offers Dragon as an optional integration, underscoring direct competitive overlap in workflow, target buyer, and use case.
- MModal (3M Health Information Systems): 3M HIS / MModal provides AI-powered medical transcription and clinical documentation workflows to hospitals and large physician groups, competing head-on with SpeechLive Health AI Assistant. Comparable target customers (US health systems, large practices) and similar speech-to-text + ambient AI positioning.
- Dolbey: Dolbey provides dictation, transcription, and speech recognition solutions specifically for healthcare and legal markets with on-premise and cloud deployment. Direct competitor with overlapping product suite (dictation workflow + speech recognition) and similar vertical specialization to SpeechLive.
Emerging players
- Otter.ai: Otter.ai provides AI meeting transcription and note-taking with real-time speech recognition. While more focused on general business meetings, its conversational AI capabilities overlap with SpeechLive's AI Assistant and it has expanded into sales and education use cases.
- Abridge: Abridge is an emerging ambient clinical AI company that generates medical documentation from patient-provider conversations. While newer, it directly competes with SpeechLive Health AI Assistant for the same healthcare documentation use case, with significant venture backing and rapid enterprise adoption at US health systems.
- Verbit: Verbit provides AI-powered transcription and captioning services for legal, media, and education. Comparable AI transcription technology and usage-based pricing model to SpeechLive's transcription credit system, with overlap in legal sector customers.
- Rev.com: Rev provides AI-assisted transcription and captioning services, including a marketplace of human transcriptionists. Comparable usage-based transcription model and AI+human hybrid workflow to SpeechLive, with overlap in professional and enterprise use cases.
- Suki AI: Suki provides an AI-powered voice assistant for clinicians that generates notes and documentation, competing with SpeechLive Health AI Assistant in the ambient clinical documentation category. Different go-to-market (more physician-ambulatory focused) but overlapping product functionality.
- Harvey: Harvey is an AI legal assistant built for elite law firms that automates document drafting, research, and analysis. Competes with the SpeechLive Legal AI Assistant (coming soon) for the same Am Law and global law firm buyers, with significant venture capital backing and a faster go-to-market in the legal vertical.
- DeepScribe: DeepScribe offers AI medical scribe technology for healthcare providers, providing automated clinical documentation from patient encounters. Direct competitive overlap with SpeechLive Health AI Assistant in ambient clinical note generation for ambulatory and specialty practices.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Philips SpeechLive social profiles
Digital presencePhilips SpeechLive compliance and trust
Trust signalCompliance1 record
Philips SpeechLive financial estimates
Financial estimateRevenue estimate
Valuation estimate
Philips SpeechLive leadership team
Management profileNumber of profiles
Profiles2 records
Philips SpeechLive subsidiaries and ownership
Company hierarchySubsidiaries3 records
Philips SpeechLive funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Philips SpeechLive M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Philips SpeechLive
What does Philips SpeechLive do?
Philips SpeechLive is a cloud-based dictation, transcription, and AI speech recognition platform that lets professionals record voice dictations via web browser, smartphone app, or Philips SpeechMike hardware, automatically route them to assistants or transcription services, and convert them to text using AI-powered speech recognition. It is offered primarily to legal firms and healthcare organizations with vertical-specific AI assistants (Health AI Assistant for clinical documentation; Legal AI Assistant for legal documents) and includes optional Nuance Dragon speech recognition and Philips SpeechMike dictation hardware.
Is Philips SpeechLive a public or private company?
Philips SpeechLive is a private company. It is classified as corporate owned and is currently operating.
When was Philips SpeechLive founded?
Philips SpeechLive was founded in 1954.
Where is Philips SpeechLive based?
Philips SpeechLive is headquartered in London, United Kingdom, in the Europe region.
How does Philips SpeechLive make money?
Five revenue lines are on record. Software Subscription Licenses are the primary driver. The others are transcription Credits, speech Recognition License, nuance Dragon Speech Recognition and dictation Hardware Sales.
Who are Philips SpeechLive's main competitors?
Direct peers on record are Nuance Communications, MModal (3M Health Information Systems) and Dolbey. Emerging players are Otter.ai, Abridge, Verbit, Rev.com, Suki AI, Harvey and DeepScribe.
Does Philips SpeechLive have an API?
Yes. SpeechLive offers API and integration capabilities for connecting the platform with third-party software solutions. The company provides a dedicated API and integration page for developers. Developer documentation is at www.speechlive.com/us/resources/api.
What industry is Philips SpeechLive in?
Philips SpeechLive's product category is Speech Recognition & Dictation Software. Its primary akta.pro industry code is HLACAAAI, Speech Recognition, Dictation & Medical Transcription Platforms, with a secondary code of HDAAAFAD, Voice Assistants & Voice UI (VUI). Its NAICS code is 561492 and its SIC code is 3570.