Parrot AI, a transcription platform that converts speech into text, has raised $11 million in a Series A funding round. The company provides AI-powered transcription services for the legal and insurance industries. Its latest innovation can summarize depositions in seconds for legal professionals. Amplify Partners and XYZ Venture Capital led the latest funding round, which brings Parrot AI’s total raised funding to $14 million. The company was founded by a team of engineers and attorneys with expertise in AI and speech-to-text transcription. Parrot AI aims to gather and synthesize information more efficiently, leveraging AI to achieve better and faster outcomes. The company plans to use the funding to ramp up its investment in AI for the legal and insurance sectors and develop tools to address industry challenges. Parrot AI’s differentiated model is based on highly specialized models that are trained on proprietary and domain-specific data.
Parrot AI Secures $11M Series A Funding to Drive its Transcription Platform that Converts Speech to Text
Date:
Frequently Asked Questions (FAQs) Related to the Above News
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
More like thisRelated
Multi-faith Event in Hiroshima: World Religions Unite for AI Ethics
Join us at the Multi-faith Event in Hiroshima on July 9-10, where world religions unite for AI ethics and the future of technology.
Moncton Joins Bloomberg Philanthropies Data Alliance
Join Moncton, Oakville, and Ottawa as they tap into data and AI through Bloomberg Philanthropies City Data Alliance to enhance city services.
Global Multi-Faith Event in Hiroshima to Address AI Ethics for Peace
Participate in the Global Multi-Faith Event in Hiroshima addressing AI ethics for peace with prominent religious figures.
OpenAI Mac App Exposes Conversations: Urgent Privacy Alert
Protect your privacy: OpenAI Mac app ChatGPT exposes conversations in plain text. Update now to safeguard your data.