Parrot

Cover Block

Name	Parrot
Tagline	AI transcription platform for legal depositions
Headquarters	New York, NY
Founded	2019
Stage	Series A
Business Model	SaaS
Industry	Legaltech
Technology	AI / Machine Learning
Geography	North America
Growth Profile	Venture Scale
Founding Team	Co-Founders (3+)
Funding Label	Series A (total disclosed ~$14,000,000)

Links

• Website: https://www.parrot.us/
• LinkedIn: https://www.linkedin.com/in/eric-baum-esq-610b1a202/
• AshbyHQ Jobs: https://jobs.ashbyhq.com/parrot

What an Investor Needs First

Parrot is a New York-based legaltech startup applying speech-to-text AI to the high-stakes workflow of deposition transcription and summarization. Founded in 2019 by a group of attorneys and engineers, the company's core proposition is to replace traditional court reporting with a software platform that converts spoken testimony into text and generates summaries for legal professionals [TechCrunch, June 2023].

The founding team's legal background is a central part of the pitch. Co-founders Eric Baum, a former Florida Special Victims Unit prosecutor, and Bryan Baum, alongside Tomas Scavnicky, bring direct experience with the deposition process [Legaltech News, June 2023] [citybiz, 2023]. This domain expertise underpins their product development, which targets the legal and insurance sectors with a SaaS business model.

Investor conviction materialized in a $11 million Series A round in mid-2023, co-led by Amplify Partners and XYZ Venture Capital, bringing total disclosed funding to approximately $14 million [TechCrunch, June 2023]. The capital was earmarked to expand the team and develop new features, including the deposition summarization tool.

Data Accuracy: YELLOW -- Core facts (funding, founders, product) are confirmed by a single major press report [TechCrunch, June 2023] and corroborated by trade publications.

Inside the Company

Parrot was founded in 2019 by three attorneys, Eric Baum, Bryan Baum, and Tomas Scavnicky, who partnered with engineers to build a speech-to-text platform aimed at the legal deposition process [TechCrunch, June 2023]. Co-founder Eric Baum brings experience as a former Florida Special Victims Unit prosecutor [citybiz, 2023]. The company is headquartered in New York, NY [LinkedIn, 2026].

In June 2023, Parrot announced an $11 million Series A financing round co-led by Amplify Partners and XYZ Venture Capital [TechCrunch, June 2023]. This round brought the company's total disclosed funding to approximately $14 million. The announcement also served as the launchpad for a new deposition summarization feature.

Parrot was acquired by legal practice management company Filevine to enhance Filevine's AI-powered legal and deposition service offerings [Filevine, 2026].

Data Accuracy: YELLOW -- Core founding and funding facts are corroborated by a single major press source. The acquisition claim originates from the acquirer's press release.

Under the Hood

Parrot's product is a specialized AI transcription platform designed for the legal deposition process. The company's public materials position it as a tool that converts speech-to-text for depositions targeting legal and insurance sectors [TechCrunch, June 2023]. The core value proposition is replacing or augmenting traditional human court reporters with an automated, AI-driven system that generates a text record in real-time.

A key feature launch, announced concurrently with its 2023 Series A, is a deposition summarization capability, which aims to summarize depositions in seconds for legal experts [TechCrunch, June 2023]. The founding team includes engineers expert in AI/speech-to-text [TechCrunch, June 2023], and the company's open roles for Digital Reporters specify a requirement for a state notary public license [Parrot, 2026], indicating a hybrid model where human notaries oversee or certify the AI-generated output.

Data Accuracy: YELLOW -- Product claims are sourced from a single press article.

Market Research

The market for deposition transcription is a niche segment of the legal services industry. The broader legal tech software market was valued at $23.5 billion in 2022 and is projected to reach $35.6 billion by 2027, growing at a compound annual rate of 8.7% [Statista, 2023]. Demand is driven by the legal industry's adoption of remote and hybrid work models and pressure to contain litigation costs [Legaltech News, 2023]. Transcription for legal proceedings must adhere to strict standards for accuracy and certification, often requiring notarization, which creates a compliance moat.

Metric	Value
Legal Tech Software Market 2022	$23.5B
Legal Tech Software Market 2027 (projected)	$35.6B

Data Accuracy: YELLOW -- Market sizing is based on an analogous, broader sector report.

Competition and Substitutes

Parrot's competitive position is defined by its narrow focus on the legal deposition workflow.

Company	Positioning	Stage / Funding	Notable Differentiator
Parrot	AI transcription and summarization for depositions	Series A, ~$14M total	Attorney-founded team targeting deposition-specific AI

The competitive map splits into three layers: incumbent service providers (Veritext, Stenograph), digital-native challengers (Cloud Court, Steno), and AI-focused entrants. Parrot's current defensible edge appears to be its founder-led product insight [TechCrunch, June 2023]. The company is exposed by its lack of an integrated service layer, though job postings for Digital Reporters suggest it is attempting to build or affiliate this layer [Parrot Jobs].

Data Accuracy: YELLOW -- Competitor list is sourced from provided data.

Opportunity

The opportunity for Parrot is to become the default operating system for depositions, moving beyond transcription to own the entire workflow from scheduling to certified record. The 2023 funding announcement positioned the company as a platform for remote depositions [Parrot, 2023].

Data Accuracy: YELLOW -- Core opportunity thesis is inferred from company positioning and investor profile.

Sources

1. [TechCrunch, June 2023] Parrot, an AI-powered transcription platform that turns speech into text, raises $11M Series A | https://techcrunch.com/2023/06/20/parrot-ai-a-transcription-platform-that-turns-speech-into-text-raises-11m-series-a/
2. [Legaltech News, June 2023] AI-Powered Deposition Startup Parrot Raises $11 Million | https://www.law.com/legaltechnews/2023/06/20/ai-powered-deposition-startup-parrot-raises-11-million/?slreturn=20230923160441
3. [citybiz, 2023] Parrot Raises $11 Million in Quest to Bring AI to Lawyers | https://www.citybiz.co/article/432654/parrot-raises-11-million-in-quest-to-bring-ai-to-lawyers/
4. [LinkedIn, 2026] Eric Baum, ESQ - Parrot | https://www.linkedin.com/in/eric-baum-esq-610b1a202/
5. [Filevine, 2026] Filevine Acquires Parrot to Enhance AI Legal and Deposition Services | https://www.filevine.com/news/filevine-acquires-parrot-expanding-ai-powered-legal-capabilities-and-deposition-services/
6. [Parrot, 2023] Parrot - Our Mission to Empower the Legal System | https://www.parrot.us/blog/fundraise-announcement
7. [Parrot, 2026] Parrot - Leading Platform for Remote Depositions | https://www.parrot.us/
8. [Parrot Jobs, 2026] Digital Reporter - New York Notary | https://jobs.ashbyhq.com/parrot/72871418-91eb-4d1a-969f-81607b700bdd
9. [Parrot Jobs, 2026] Court Reporting Partnership Lead | https://jobs.ashbyhq.com/parrot/241dc86d-bab7-4338-8db8-60eec3234872
10. [Statista, 2023] Legal Tech Software Market Size 2022-2027 | https://www.statista.com/statistics/1293374/legal-tech-software-market-size-worldwide/