The recommend format for closed captions is VTT (best cross browser and device support).
Can I use: Site that provides information on cross browser support of various web features such as VTT
- YouTube: Creating transcripts with YouTube!
Creates subtitles for uploaded videos automatically, but make sure you proof and edit – it will NOT be 100% correct - Microsoft Stream: View, edit, and manage video transcripts and captions
MS Stream now enables you to now add automatic closed captions (as well as upload them). - IBM Watson: Create your transcripts
Transcribes speech to text for several major languages and includes some neat features - Use Amara to reate subtitles and synch your audio
Freemium tool that helps you edit and synchronize subtitles - Rev.com
Fast high quality on demand trascriptions, closed captions, for foreign languae subtitles - Otheri.ai
Tool with various options to create transcripts automatically in various tools - PlayMedia
Free service to convert from one format to another - e.g., SRT to VTT - Jubler
Free tool to author and create subtitles
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