EXCLUSIVE: Parag Agrawal’s Parallel Web Systems Raises $100 Million to Help AI Agents Search the Web
Former Twitter CEO Parag Agrawal announced exclusively on stage at the Cerebral Valley AI Summit that he’s raised $100 million for his AI startup Parallel Web Systems, as he seeks to build out his vision of a web that’s suited for agents in the age of AI.Led by Kleiner Perkins and Index Ventures, the Series A round values the company at $740 million post-money. Spark Capital also participated as did previous investors including Khosla Ventures, First Round and Terrain. Mamoon Hamid at KP will jo...
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