First, gather all ingredients. Wash and chop produce.
Next, press the SAUTE button on the Instant Pot. Heat the olive oil and butter in the insert pot. Once, the Instant Pot reads, "HOT," add the chopped onion and carrots. Cook for 5 minutes. After 5 minutes, add minced garlic and saute for 2 minutes.
Next, combine the rest of the vegetables in the pot and stir. Then, pour in the broth to deglaze the pot (this helps any stuck pieces to come off). With a wooden spoon, scrap the bottom of the pot and remove any stuck pieces.
Now, add seasonings. Press the CANCEL button on the Instant Pot. Next, place the lid on the Instant Pot and lock it into place. Make sure that the valve on the top is pushed to "seal." Turn the pressure cooker function on HIGH and set the manual timer for 5 minutes. It will take the Instant Pot approximately 15 minutes to pressurize.
Next, allow the Instant Pot to naturally release for 10 minutes. Then, following your Instant Pot manual, quick release the remaining pressure from the pot. I do not allow my kids to ever assist with this function. The steam is too hot, and the risk too great.
Then, stir in the heavy cream, add Parmesan rind, and shredded Parmesan cheese. Allow the cheese to melt and keep the Instant Pot switched to KEEP WARM.
Finally, serve hot with crackers or a crusty piece of bread (optional add a small splash of lemon juice to the bowl), and ENJOY! Store in the refrigerator in an airtight container for up to 4 days.