BOSTON, MA – 23/03/2026 – (SeaPRwire) – Modulate has introduced a new speech-to-text API aimed at reshaping how organizations process and understand conversational audio at scale. The newly launched Velma Transcribe is positioned as a cost-efficient, high-performance transcription solution designed to meet the growing demand for real-time voice data analysis across industries, from customer service to social platforms and AI-driven applications.
The release highlights a broader industry shift toward making voice intelligence infrastructure more accessible and economically viable. By significantly lowering the cost barrier for transcription, Modulate’s latest offering enables organizations to expand the use of voice data across a wider range of applications, including real-time voice agents, analytics pipelines, and global communication platforms.
Velma Transcribe is built on Modulate’s Ensemble Listening Model (ELM), a research-driven approach that coordinates multiple specialized transcription models to optimize performance. This ensemble-based architecture improves transcription accuracy, reduces latency, and enhances cost efficiency compared to traditional single-model systems. The platform has demonstrated strong performance on widely recognized benchmarks such as Earnings-22 and the AMI Meeting Corpus, particularly in handling complex, multi-speaker conversational scenarios.
Company executives emphasize that the solution extends beyond traditional transcription capabilities. While many systems focus solely on converting speech to text, Velma Transcribe integrates deeper contextual understanding, supporting a broader range of conversational insights. At the same time, the API is designed to remain accessible to developers who require fast, reliable transcripts without additional analytical overhead.
In addition to its transcription capabilities, the platform incorporates a range of enterprise-focused features, including emotion detection across more than 20 categories, accent recognition spanning over 20 variations, and multilingual support covering more than 70 languages. It also includes advanced functionalities such as speaker diarization, personally identifiable information (PII) detection and redaction, and real-time streaming support for live applications.
One of the most notable aspects of Velma Transcribe is its pricing model. With transcription costs reduced to approximately $0.03 per hour of audio, the platform offers a significant reduction compared to prevailing market rates. This pricing structure enables enterprises to process large volumes of voice data more economically, opening new opportunities for data-driven decision-making and monetization strategies.
The system is engineered to perform reliably in real-world conversational environments, where overlapping speech, interruptions, diverse accents, and background noise often challenge conventional transcription tools. Benchmark results indicate that Velma Transcribe substantially reduces error rates compared to several established solutions, reinforcing its suitability for enterprise-scale deployment.
To support production-grade applications, the platform includes features such as batch and streaming transcription endpoints, structured outputs with timestamping, sub-second latency for live use cases, and a zero data retention policy designed to enhance privacy and compliance. Backed by ISO 27001-certified security practices, these capabilities position the solution for secure deployment in regulated and data-sensitive environments.
Velma Transcribe is part of Modulate’s broader Velma 2.0 suite of voice intelligence models, which aim to provide AI systems with a more advanced “listening layer.” This approach enables organizations to move beyond simple transcription toward deeper conversational understanding, supporting use cases such as fraud detection, sentiment analysis, compliance monitoring, and real-time operational insights.
The solution is available immediately, with usage-based pricing designed to accommodate both small-scale deployments and high-volume enterprise workloads.
About Modulate
Modulate is a voice intelligence technology company focused on developing AI models and APIs that enable scalable understanding of real-world conversational audio. Its solutions combine speech recognition, acoustic analysis, and contextual processing to deliver accurate, explainable, and cost-effective voice intelligence for enterprises and developers.