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Parrot

Other B2B Software · New York City, United States · Founded 2019

Creates, develops, and markets advanced technology wireless products for consumers and professionals MoreLess

Parrot operates as a technology company targeting the legal and insurance industries with an AI-powered platform for managing depositions. The company was established in 2019 by co-founders Eric Baum, a former prosecutor, his brother Bryan Baum, a tech entrepreneur, and technologist Tomas Scavnicky. The initial concept was born from Eric Baum's frustration with the antiquated and costly processes of traditional court reporting. In 2021, Aaron O'Brien, who has a background in product management at Uber and Facebook and as Global Head of Trucking at Flexport, was brought on as CEO to scale the company.

The firm's business model centers on streamlining the entire deposition workflow for its clients, which include law firms, insurance carriers, and corporate legal departments. Parrot addresses the significant delays and costs associated with traditional deposition transcription, which can often take days or weeks. By utilizing proprietary large language models trained specifically on legal and insurance terminology, the platform delivers highly accurate, searchable transcripts almost immediately after a deposition concludes. This service is delivered through a cloud-based platform that securely stores a comprehensive archive of deposition materials, including transcripts, video and audio recordings, and exhibits, all of which are AES-256 bit encrypted and compliant with SOC 2 and HIPAA standards.

Parrot's core service is its AI-powered transcription, which modernizes the process from scheduling to analysis. Users can book depositions with a single click, and the platform provides real-time transcription synched with audio and video playback. A key feature is the AI-generated deposition summary, which can produce cohesive overviews in seconds, allowing legal professionals to quickly surface key insights. The platform also facilitates the creation of video clips from depositions and enables collaboration on exhibits. In April 2025, Parrot was acquired by Filevine, a legal work platform, to further integrate these advanced deposition tools into a comprehensive legal tech ecosystem. The company has raised a total of $14 million, with an $11 million Series A round in June 2023 co-led by Amplify Partners and XYZ Venture Capital.

Keywords: deposition management, legal transcription, AI for law, court reporting technology, legal tech, insurance tech, speech-to-text, deposition summaries, legal workflow automation, case management software, remote depositions, legal AI, video depositions, trial preparation, litigation support, discovery process, legal document management, insurtech, enterprise legal management, AI-powered summaries, secure cloud storage for legal

Company overview

Parrot company information

The essential company record, classifications and operating signals in one place.

Status
Acquired
Founded
2019
Headquarters
New York City, United States
Employees
54
Open positions
None listed
Dealroom signal
24.0
client focusb2bbusiness modelSaaSindustryLegalindustryEnterprise Software

Valuation & funding

Parrot funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Apr 2025 $0 Filevine
SERIES AEquity / VC Jun 2023 $11M $44M K5 Global · Amplify Partners · XYZ Venture Capital
SEEDEquity / VC Dec 2021 $3.1M $12M Undisclosed
ANGELEquity / VC Apr 2021 $3M $12M Ryan Petersen · David Helgason · David Bonderman
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Financials

Revenue and workforce over time

Available revenue and workforce history. Fields without reported data are omitted.

YearRevenueGrowthEmployees
2026 $7.6M 0% 54
2025 $7.6M 0% 54
2024 $7.6M 0% 87
2023 $7.6M +58.7% 69
2022 $4.8M +65.5% 48
2021 $2.9M 29
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Growth signals

Parrot website traffic

Latest recorded traffic for Parrot is 1K monthly website visits, up 69.5% over the last three months. Parrot's team grew 0% over the past year.

Latest monthly visits1K 3-month web change+69.5% 1-year team growth0%
Monthly website visits37 observations · Nov 2020–May 2024
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Comparisons

Parrot compared with similar companies

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Talent graph

Parrot's talent

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Employees 54 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

9 investors on Parrot's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 3 investors entered at this stage
Ryan Petersen
David Helgason
David Bonderman
Series A 3 investors entered at this stage
Other known 3 additional known investors
Filevine
I2BF Global Ventures
LeFrak

Global footprint

Where Parrot has talent and traffic

Workforce by country
🇺🇸 United States · New York City HQ
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In the news

Latest news about Parrot

Recent press, funding announcements, and product moves mentioning Parrot — open to read from the original sources.

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Market sentiment

What the market is saying about Parrot

An AI-synthesized read of the highest-engagement posts about Parrot on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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