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.