Instant Pot Beef Burgundy

"Your Instant Pot will help you create this luscious dish in a fraction of the time it would take using traditional methods. Instant Pot Beef Burgundy is rustic, flavorful and sure to impress...."

INGREDIENTS
2 1/2 pounds top sirloin (cubed)
1 teaspoon salt (plus additional, to taste)
3/4 teaspoon fresh ground black pepper (plus additional, to taste)
4 tablespoons vegetable oil (divided)
3 slices uncooked bacon (chopped)
1 cup diced white or yellow onion
4 to 5 carrots (peeled and chopped diagonally into 1" chunks)
1 tablespoon minced garlic
2 tablespoons tomato paste
2 cups full-bodied red wine
2 1/2 cups low-sodium beef broth
1 tablespoon fresh (or 1 teaspoon dried thyme leaves)
2 bay leaves
3 tablespoons softened butter
3 tablespoons all-purpose flour
9 ounces cremini mushrooms (quartered or halved)
2 tablespoons minced fresh Italian parsley (optional)
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