Funding
Ex-Twitter CEO Agrawal’s AI search startup Parallel raises $100 million
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AI startup Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has raised $100 million to build web search infrastructure for artificial intelligence agents and fund deals with online content owners, Agrawal said in an interview.
The Series A round, which values the company at $740 million, was co-led by venture firms Kleiner Perkins and Index Ventures, with participation from other existing backers including Khosla Ventures.
Parallel aims to address what it sees as a fundamental shift in internet use, as AI agents increasingly become…
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