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Parrot Raises $11 Million in Series A Funding to Revolutionize Legal Services with AI-first Technology

Parrot Raises $11 Million in Series A Funding to Revolutionize Legal Services with AI-first Technology

June 21, 2023

New York, New York - Parrot, an AI-first technology company specializing in empowering attorneys to optimize their deposition process, announced today the successful completion of its Series A funding round, raising an impressive $11 million. The round was led by Amplify Partners and XYZ Venture Capital, two prominent venture capital firms specializing in disruptive technology investments.

Parrot is revolutionizing the legal services industry with its cutting-edge technology and artificial intelligence solutions. The company's platform seamlessly integrates the expertise of highly-trained reporters with advanced AI algorithms, enabling attorneys to extract maximum value from depositions. Trusted by leading insurance companies, law firms, and Fortune 500 companies alike, Parrot offers an unparalleled suite of services that streamline the deposition process, ensuring smooth scheduling, immediate rough drafts, and real-time deposition summaries.

"We are thrilled to have secured $11 million in Series A funding, which reflects the confidence of our investors in Parrot's innovative solutions," said Aaron O'Brien, Founder and CEO of Parrot. "This investment will allow us to continue revolutionizing the legal services industry, empowering attorneys with AI-driven tools that significantly enhance their efficiency and deliver better outcomes for their clients."

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