tech
April 29, 2026
Parallel Web Systems hits $2B valuation five months after its last big raise
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.
TL;DR
- Parallel Web Systems raised $100 million in Series B funding.
- The company is now valued at $2 billion.
- Sequoia led the funding round, with existing investors also participating.
- This is the second $100 million raise for the startup in five months.
- Parallel offers web search and research APIs for AI agents.
- It has over 100,000 developers using its products.
- Former Twitter CEO Parag Agrawal founded the company.
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