Parrot Ai, A Transcription Platform That Turns Speech Into Text, Raises $11M Series A

Jun 20, 2023•over 2 years ago

Amount Raised

$11 Million

Round Type

series a

New YorkLegal TechNatural Language ProcessingLegalMachine LearningArtificial IntelligenceSoftware

Description

Artificial intelligence touches many aspects of professional industries, including medicine, legal, business, information technology and more. AI-powered transcription service is one example that has become an integral part of those fields.

Company Information

Company

Parrot AI

Location

New York, New York, United States

About

The company declined to reveal its valuation when asked. O’Brien has since helped the AI startup scale a growing deposition provider with global insurance carriers. 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. The outfit didn’t share its business metrics but noted that the four-year-old company generates revenues in the millions. Parrot AI, 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. Attorney Eric Baum, his brother Bryan Baum and a team of engineers with expertise in AI and speech-to-text transcription founded Parrot AI in 2019.

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Parrot Ai, A Transcription Platform That Turns Speech Into Text, Raises $11M Series A

Description

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Company Information