![]() ![]() The startup plans to use the proceeds to ramp up investment in artificial intelligence for the legal and insurance domains and continue developing tools to address the industry’s challenges.Ĭustomers in need of court transcription services typically must call or email a court-reporting vendor and wait days for confirmation, O’Brien said. Parrot AI’s ultimate goal is to allow users to gather and synthesize information more efficiently in order to achieve better and faster outcomes by leveraging AI. The CEO has since helped the AI startup scale a growing deposition provider with global insurance carriers. ![]() O’Brien met the Parrot founding team in 2021, introduced by Parrot’s early investors. “Attorneys are eager to adopt new technologies, but the solutions need to be trustworthy and purpose-built for their workflow.” “You’ll often hear that lawyers are resistant to tech, but this hasn’t been our experience,” O’Brien told TechCrunch. The CEO of Parrot, Aaron O’Brien, who has been in the tech space for more than 15 years and previously worked at tech firms like Flexport, Uber and Facebook, told TechCrunch that Parrot’s founding team saw an opportunity to bring much-needed technology to the legal industry that has been overlooked and underserved for a long time. “The improvements in LLMs are the next paradigm shift, akin to the internet and mobile,” Amplify Partners general partner Mike Dauber said in a statement. He wanted to streamline the deposition process by using large language models (LLMs), not only for the legal industry but also for other sectors. Eric, a long-time prosecutor who conducted depositions for the special victims unit of the state attorney’s office of Florida, saw firsthand the shortage of court reporters as demand for the deposition service continues to grow every year. The company declined to reveal its valuation when asked.Īttorney Eric Baum, his brother Bryan Baum and a team of engineers with expertise in AI and speech-to-text transcription founded Parrot in 2019. It also unveiled a new feature that summarizes deposition in mere seconds for legal experts.Īmplify Partners and XYZ Venture Capital co-led the latest capital, bringing its total raised to $14 million since its inception. Parrot, a transcription platform offering speech-to-text depositions for the legal and insurance industry, said Tuesday it has raised $11 million in a Series A round. AI-powered transcription service is one example that has become an integral part of those fields. Download your transcript in TXT, DOCX, XSLX, PDF, SRT, VTT, and many other formats.Artificial intelligence touches many aspects of professional industries, including medicine, legal, business, information technology and more. In-browser interface helps users to edit and review automatic transcription results.ĥ. Audio and video transcriptions include commas, full stops, question marks, periods.Ĥ. Transcription service supports multiple languages, dialects, and accents.ģ. Our cutting-edge AI transcription technology will automatically transcribe your files with close to human accuracy.Ģ. It can transcribe files from your device, files accessible over public URLs, data from cloud storages, audio distribution sites, social media platforms (YouTube™, Vimeo, Dailymotion, TikTok, Facebook, and more).ġ. Transcriber allows you to create transcripts for audio recordings, videos, podcasts, interviews, phone calls, and webinars. Looking for a way to transcribe your audio or video files? With AI-powered Transcriber bot for Google Chat™, you can quickly and accurately convert audio or video into text and subtitles! ![]()
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