ElevenLabs Scribe2

Name: ElevenLabs Scribe2
Brand: ElevenLabs
Rating: 3.9 (1701 reviews)

AI NativeLeader

Transforming how we interact with technology through AI research and products.

Est 2022|Valuation $11B|Raised $850.4M|4 Ref Customers

LinkedIn 384K|Website|Web traffic 58.2M|FTEs 800|HQ New York, NY

MarketsFoundation Models

01Competitive Landscape

Narrative analysis

Feature differentiation - ElevenLabs Scribe v2: vendor claims include entity detection with timestamps (useful for PII/PHI/payment categories) and keyterm prompting (context-aware biasing), plus standard STT outputs such as diarization and word timestamps. - AssemblyAI: emphasizes straightforward pay-as-you-go pricing and optional add-on features; markets low latency for streaming. - Deepgram: offers multiple STT models and focuses on scalable transcription and concurrency controls. Pricing/value comparison - For organizations whose primary need is STT and who prioritize clear per-unit pricing, vendors with explicit unit rates may be easier to forecast. - Organizations that already procure ElevenLabs for TTS/agents and can efficiently use credit allocations may find platform bundling cost-effective. Adoption trends / market signals - ElevenLabs has notable public funding and visibility, which suggests access to capital for continued product investment. Funding and visibility do not guarantee STT performance leadership; empirical evaluation is recommended.

	ElevenLabs Scribe v2	AssemblyAI STT	Deepgram STT
Starting Price	Bundled via credits and tiered plans; some advanced features are billed as add-ons that increase per-unit costs	Explicit pay-as-you-go unit pricing with clear per-unit rates for transcription	Explicit per-minute/per-hour pay-as-you-go pricing with model- and tier-based rates and enterprise discounts
Best For	Teams seeking batch STT with timestamps/diarization and organizations using multiple ElevenLabs audio products	Developers seeking straightforward unit pricing, broad language coverage, and optional speech-understanding features	High-scale STT with multiple model choices, explicit unit pricing, and enterprise scaling options
Key Strength	Integrated with ElevenLabs' studio and audio products; features include entity detection and keyterm prompting; data residency/retention options are stated	Transparent unit pricing; developer-focused features; explicit streaming and low-latency claims	Established STT vendor focus; detailed pricing matrices; model selection options
Key Weakness	Forecasting cost can be more complex due to credit packaging; limited publicly available independent benchmarking detail; community-reported billing/support issues (Realtime)	Some advanced features are add-ons and increase total cost	Accuracy and suitability vary by model; may require tuning and model selection effort

01Competitive Landscape

Narrative analysis

Feature differentiation

ElevenLabs Scribe v2: vendor claims include entity detection with timestamps (useful for PII/PHI/payment categories) and keyterm prompting (context-aware biasing), plus standard STT outputs such as diarization and word timestamps.
AssemblyAI: emphasizes straightforward pay-as-you-go pricing and optional add-on features; markets low latency for streaming.
Deepgram: offers multiple STT models and focuses on scalable transcription and concurrency controls.

Pricing/value comparison

For organizations whose primary need is STT and who prioritize clear per-unit pricing, vendors with explicit unit rates may be easier to forecast.
Organizations that already procure ElevenLabs for TTS/agents and can efficiently use credit allocations may find platform bundling cost-effective.

Adoption trends / market signals

ElevenLabs has notable public funding and visibility, which suggests access to capital for continued product investment. Funding and visibility do not guarantee STT performance leadership; empirical evaluation is recommended.

	ElevenLabs Scribe v2	AssemblyAI STT	Deepgram STT
Starting Price	Bundled via credits and tiered plans; some advanced features are billed as add-ons that increase per-unit costs	Explicit pay-as-you-go unit pricing with clear per-unit rates for transcription	Explicit per-minute/per-hour pay-as-you-go pricing with model- and tier-based rates and enterprise discounts
Best For	Teams seeking batch STT with timestamps/diarization and organizations using multiple ElevenLabs audio products	Developers seeking straightforward unit pricing, broad language coverage, and optional speech-understanding features	High-scale STT with multiple model choices, explicit unit pricing, and enterprise scaling options
Key Strength	Integrated with ElevenLabs' studio and audio products; features include entity detection and keyterm prompting; data residency/retention options are stated	Transparent unit pricing; developer-focused features; explicit streaming and low-latency claims	Established STT vendor focus; detailed pricing matrices; model selection options
Key Weakness	Forecasting cost can be more complex due to credit packaging; limited publicly available independent benchmarking detail; community-reported billing/support issues (Realtime)	Some advanced features are add-ons and increase total cost	Accuracy and suitability vary by model; may require tuning and model selection effort