Parag Agrawal, the ex-CEO of Twitter, is making headlines again — but this time, he’s not tweeting. His startup, Parallel Web Systems, just raised a staggering $100 million
Parag Agrawal, the ex-CEO of Twitter, is making headlines again — but this time, he’s not tweeting. His startup, Parallel Web Systems, just raised a staggering $100 million in a Series A funding round co-led by Kleiner Perkins and Index Ventures, with Khosla Ventures and other investors joining in. The company’s valuation now stands at an eye-popping $740 million, making it one of the hottest new startups in the AI world.
Parallel Web Systems is not just another AI company. Founded in 2023, the startup is building cutting-edge infrastructure that allows AI agents to interact with the web in ways never seen before. Their platform enables:
In short, Parag is tackling one of the biggest challenges in AI today: how to make the web fully accessible to intelligent systems.
With the AI revolution accelerating, the demand for tools that can efficiently navigate and extract data from the web is skyrocketing. Parallel Web Systems has already proven its potential, raising $30 million in January 2024 and launching its product in August 2025.
The new $100 million funding will turbocharge product development, expand customer acquisition, and scale the infrastructure necessary to support AI applications globally.
After leaving Twitter, many speculated on what Parag’s next move would be. He has returned with a clear mission: redefine how AI interacts with the internet. Parallel Web Systems could make AI-powered research faster, smarter, and more reliable than ever before.
Experts are calling this one of the most promising AI infrastructure plays in years, potentially shaping the way businesses, researchers, and developers access web information.
If Parallel succeeds, it could:
Parag Agrawal’s vision is ambitious, but with $100 million in funding and a valuation of $740 million, the startup has the resources to make it a reality.
The AI community is buzzing about Parallel Web Systems. From tech enthusiasts to investors, everyone is keen to see if this startup can truly revolutionize the internet. Parag Agrawal is proving that leaving Twitter was just the beginning — and his next move could change the digital world forever.
