Parrot

Parrot is a cutting-edge platform that revolutionizes the court reporting and deposition process. It harnesses the power of advanced artificial intelligence (AI) and large language models (LLMs) specifically trained on legal and insurance terminology to deliver highly accurate transcripts in near real-time. This innovative solution addresses the growing shortage of court reporters and streamlines the entire deposition workflow.

At its core, Parrot's proprietary AI technology seamlessly transcribes audio recordings from depositions, witness statements, and examinations under oath into accurate text transcripts. The platform's robust features include synchronized video and transcripts, enabling effortless navigation and time-saving case preparation. Additionally, Parrot offers powerful deposition review tools, allowing users to annotate passages, share key moments, and collaborate on exhibits within the secure cloud-based platform.

Parrot's cutting-edge Auto-Summaries feature further enhances its value proposition by swiftly generating cohesive summaries of depositions within seconds of completion. This capability empowers attorneys and insurance carriers to make well-informed decisions and streamline case management more efficiently.

Ensuring legal compliance, Parrot adheres to all federal and state laws, ensuring the admissibility of transcripts and video files in court proceedings. It staffs depositions with licensed professionals and employs robust AES-256 bit encryption for secure storage and access to transcripts, recordings, exhibits, and case documents.

Key customers and partnerships

Parrot's innovative solution has garnered widespread adoption among leading law firms, insurance carriers, and Fortune 500 corporations. Prominent customers, such as Derrevere Stevens Black & Cozad, have praised Parrot's platform for its transformative impact on their deposition and case handling processes.

In June 2023, Parrot secured USD 11 million in Series A funding from esteemed investors like Amplify Partners and XYZ Venture Capital, validating the company's disruptive potential and bringing its total funding to USD 14 million. These investments have enabled Parrot to accelerate product development, expand its market presence, and deepen its investment in cutting-edge artificial intelligence capabilities.