Parallel Web Systems, an AI company founded by the former Twitter CEO, has raised $100 million in Series B funding.

CoinFeed reported on April 29th that Parallel Web Systems, the AI ​​infrastructure company founded by former Twitter CEO Parag Agrawal, has completed a $100 million Series B funding round, valuing the company at $2 billion post-money. The round was led by Sequoia Capital, with participation from existing investors including Kleiner Perkins, Index Ventures, and Khosla Ventures. Parallel provides efficient web search and access control infrastructure for "long-cycle" AI agents. It has raised a total of $230 million, has approximately 50 employees, and serves over 100,000 developers and enterprise customers. Currently, it is focusing on expanding its sales, marketing, and R&D teams, and continuing to develop enterprise-level "AI agent web applications."