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Parrot

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

New York City, United StatesFounded 2019Other B2B Software
Valuation $50–100M Last recorded · 2023
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Parrot and the history behind them.

About Parrot

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.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2019
Headquarters
New York City, United States
Employees
54
Open positions
None listed
Dealroom signal
24.0/100
Industry
Legal, Enterprise Software
Sector
Other B2B Software
Business model
SaaS
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Apr 2025 $0 — Filevine ↗
SERIES A✓Equity / VC Jun 2023 $11M $44M K5 Global · Amplify Partners · XYZ Venture Capital ↗
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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021 —
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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%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Ryan Petersen
  • David Helgason
  • David Bonderman

Series A3 investors entered at this stage

Other known investors3 additional known investors

  • Filevine
  • I2BF Global Ventures
  • LeFrak
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.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · New York City HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Parrot on X, ranked by likes and reposts, corporate channels excluded.

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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