The company declined to reveal its valuation when asked. O’Brien has since helped the AI startup scale a growing deposition provider with global insurance carriers. The startup plans to use the proceeds to ramp up investment in artificial intelligence for the legal and insurance domains and continue developing tools to address the industry’s challenges. The outfit didn’t share its business metrics but noted that the four-year-old company generates revenues in the millions. Parrot AI, 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. Attorney Eric Baum, his brother Bryan Baum and a team of engineers with expertise in AI and speech-to-text transcription founded Parrot AI in 2019.