The AI agent-tool startup founded by former Twitter CEO Parag Agrawal has raised $100 million, led by Sequoia, months after raising a previous $100 million.

(Reuters) -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 ...

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Parallel's Deep Research API already handles millions of requests daily, ranging from document discovery to code debugging and workflow automation. According to Entrepreneur, the system integrates ...

Parallel Web Systems raises $100M Series B at $2B valuation, led by Sequoia, to scale AI infrastructure powering web access for agents.

Parag Agrawal’s AI startup Parallel Web Systems raises $100M Series B, hits $2B valuation. The firm builds autonomous AI agents for enterprise research.

・Parallel Web Systems has raised $100 million in a round led by Kleiner Perkins and Index Ventures. ・The deal values the startup at $740 million. ・Agrawal launched Parallel in early 2023, months after ...

Sequoia Capital leads the round with Andrew Reed joining Parallel's board PALO ALTO, Calif., April 29, 2026 /PRNewswire/ -- Parallel Web Systems, the infrastructure powering how AI agents access and ...

As part of the deal, Kleiner Perkins partner Mamoon Hamid will join Parallel’s board, alongside Vinod Khosla, Shardul Shah and Josh Kopelman ...

Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has secured $100 million in a Series B funding round led ...

Integrating Parallel's API helps Genpact automate and improve research workflows in insurance and sales NEW YORK and PALO ALTO, Calif., April 8, 2026 /PRNewswire/ -- Genpact (NYSE: G), an agentic and ...

Agrawal said the company plans to deploy the fresh capital to expand its sales and marketing teams, while continuing to invest in research and development and target enterprise customers.