AI company Parallel Web Systems, founded by former Twitter CEO, has completed a $100 million Series B funding round, led by Sequoia Capital
According to The Wall Street Journal, Parallel Web Systems, an AI infrastructure company founded by former Twitter CEO Parag Agrawal, has completed a $100 million Series B financing round, with a post-money valuation of $2 billion.
This round was led by Sequoia Capital, with participation from existing investors such as Kleiner Perkins, Index Ventures, and Khosla Ventures. Parallel provides efficient web search and access control infrastructure for "long-cycle" AI agents, having raised a total of $230 million, with around 50 employees, serving over 100,000 developers and enterprise clients. The current focus is on expanding the sales, marketing, and R&D teams, continuously laying out the enterprise-level "AI agent web" scenario.
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