Parallel Web Systems hits $2B valuation five months after its last big raise
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5 Articles
Former Twitter CEO Parag Agrawal’s Parallel Web Systems hits $2 billion in valuation
Former Twitter (now X) CEO Parag Agrawal’s AI agentic platform Parallel Web Systems has raised a $100 million Series B at a $2 billion valuation, led by Sequoia Capital. The funding round also included participation from existing investors Kleiner Perkins, Index Ventures, Khosla Ventures, First Round Capital, Spark Capital, and Terrain Capital. This comes five months after the startup announced its $100 million Series A at a $740 million valuati…
Parallel Web Systems hits $2B valuation five months after its last big raise | Tech, Entertainment, Sport, Fashion, Travel News
Parallel Web Systems, the AI agent-tool startup founded by former Twitter CEO Parag Agrawal, has raised a $100 million Series B at a $2 billion valuation led by Sequoia. Existing investors Kleiner Perkins, Index Ventures, Khosla Ventures, First Round Capital, Spark Capital, and Terrain Capital also participated, the company said. This raise comes just five months after the startup announced its $100 million Series A at a $740 million valuation l…
Parag Agrawal's startup raises $100M to build a parallel web for AI agents
Former Twitter Inc. Chief Executive Parag Agrawal has raised $100 million to fund his new startup Parallel Web Systems Inc., which is focused on enabling artificial intelligence agents to search the web more efficiently. Sequoia Capital led today’s Series B round and was joined by existing investors Kleiner Perkins, Index Ventures and Khosla Ventures, bringing […] The post Parag Agrawal’s startup raises $100M to build a parallel web for AI agent…
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