Parallel
FeaturedWeb search infrastructure for the AI agent era.
Founded in 2024 by Parag Agrawal, the former CEO of Twitter, Parallel was built on the belief that AI agents need reliable, fast, and structured access to the live web to be truly useful. As AI agents increasingly need to browse, research, and act on real-time information, Parallel provides the search infrastructure layer that sits inside those products. This week in May 2026, Parallel raised $100 million in a round led by Sequoia at a $2 billion valuation, bringing total funding to $230 million. The company has quickly become a critical piece of plumbing for the AI agent ecosystem, serving AI labs, enterprise platforms, and developer tools that require live web knowledge.
Active Founders
Parag Agrawal
Founder / CEO
Parag Agrawal is the founder and CEO of Parallel. Born in India and educated at IIT Bombay and Stanford University, he served as CTO and then CEO of Twitter before its acquisition by Elon Musk in 2022. At Twitter, Parag led machine learning and AI initiatives at massive scale. After departing Twitter, he identified the coming explosion of AI agents and built Parallel to solve one of their most critical bottlenecks — reliable, real-time access to web information — drawing on his deep expertise in large-scale information systems.
Parallel
