Former Twitter CEO Parag Agarwal launches new AI startup
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Former Twitter CEO Parag Agrawal is back in the tech game with Parallel Web Systems , his artificial intelligence (AI) startup designed to change how AI agents interact with the web.The company emerged from stealth mode on Wednesday with a cloud-based research platform with millions of queries from early adopters. It has raised $30 million from prominent investors, including Khosla Ventures Index Ventures , and First Round Capital , according to the company's posts on social media.Parallel builds infrastructure and tools specifically designed for AI agents to interact with the web intelligently. It offers a cloud-based deep research API that lets AI applications conduct real-time research on the internet, accessing and synthesising public web data, and ultimately providing detailed citations.Parallel's flagship offerings consist of eight distinct AI research engines. Each is designed for different computational needs. This allows AI agents to do complex tasks such as cross-disciplinary synthesis and long-form research. Parallel claims its technology outperforms leading AI models like OpenAI's GPT-5 in benchmarks for web research."Some of the fastest-growing AI companies use Parallel to bring web intelligence directly into their platform and agents. Public enterprises automate traditionally human workflows, exceeding human-level accuracy with Parallel. Coding agents rely on our search to find docs and debug issues," the company said in a blog post.Web API agents power coding assistants, knowledge workers, and research automation across sectors. Enterprises also use these agents to automate complex workflows.Parallel takes on browser-based infrastructure providers as well as large-scale LLM-driven search agents like OpenAI and Google.Parallel's public launch comes as Agrawal is fighting an ongoing legal battle with Elon Musk over $50 million in unpaid severance from his dismissal as Twitter's CEO in October 2022. This dispute came after Musk's $44 billion acquisition of the social media platform.Agrawal has alleged that Musk refused to pay out contractual obligations on purpose to Agrawal and other former Twitter senior staff after he took over the company. Musk's counterarguments in legal filings claim Agrawal was fired 'for cause'. No deal has been reached between the parties yet.
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