As well as cloud-based software, the company is also planning applications for smartphones or other mobile devices.
While Parrot's technology could be used to track digital piracy, this was not what the company was focused on, Seger said.
The firm will close its seed funding round this week and already has backing from the likes of Tindall's K1W1, Ice Angels and Angel HQ.
Former Telecom retail chief executive Alan Gourdie has also come on board as Parrot's chairman and is one of its lead investors.
In developing the software, Seger said the start-up had been in discussions with international music labels and managers, including members of Jay-Z and Beyonce's team in LA.
The company had spent time talking with Hollywood film studios gauging if there is a market for what the start-up is developing, Seger said.
Closer to home, Seger said the firm had worked with Neil Finn's manager, Mike Bradshaw, and music entrepreneur Murray Thom.
Seger said Thom has joined Parrot's advisory board and was a "big supporter" of the company and "the value it's going to bring to the music industry".