Parag Agrawal
Former Twitter CEO Parag Agrawal's Parallel Web Systems Raises $100M for AI Search Infrastructure
Nov 13, 2025 07:15 am CST
Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has secured $100 million in Series A funding at a $740 million valuation to build specialized web search infrastructure for AI agents. The company develops APIs that allow AI systems to access up-to-date web information, improving accuracy while reducing hallucinations, and plans to create an economic model to keep online content accessible for AI use.
Elon Musk and Former Twitter Executives Reach Settlement in $128 Million Severance Dispute
Oct 09, 2025 11:36 am CST
Elon Musk and X Corp have reached a settlement with former Twitter CEO Parag Agrawal and three other executives who filed a $128 million lawsuit over denied severance payments following Musk's 2022 acquisition of the platform. This resolution follows another recent $500 million settlement with thousands of laid-off Twitter employees who raised similar claims against the billionaire entrepreneur.