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Former Twitter CEO Parag Agrawal's AI Startup Parallel Raises $100M at $2B Valuation
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4/29/2026AI summary

Former Twitter CEO Parag Agrawal's AI Startup Parallel Raises $100M at $2B Valuation

Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, raised $100 million in Series B funding at a $2 billion valuation led by Sequoia. The AI agent-tool startup has now raised $230 million total, following a $100 million Series A just five months ago. The company offers web search and research APIs for AI agents, serving customers including Clay, Harvey, Notion, and OpenDoor, plus unnamed banks and hedge funds, with over 100,000 developers.

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