Parrot, an AI-powered transcription platform that turns speech into text, raises $11M Series A

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Source: Yahoo Finance

Artificial intelligence touches many aspects of professional industries, including medicine, legal, business, information technology and more. AI-powered transcription service is one example that has become an integral part of those fields.

Parrot, a transcription platform offering speech-to-text depositions for the legal and insurance industry, said Tuesday it has raised $11 million in a Series A round. It also unveiled a new feature that summarizes deposition in mere seconds for legal experts.

Amplify Partners and XYZ Venture Capital co-led the latest capital, bringing its total raised to $14 million since its inception. The company declined to reveal its valuation when asked…

Read full article: https://news.yahoo.com/parrot-ai-transcription-platform-turns-125526321.html

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