Parallel Web Systems

Private

Palo Alto-based web infrastructure and search/research APIs purpose-built for AI agents. Operates a proprietary high-quality web index used by 100,000+ developers and customers including Clay, Harvey, Notion, Opendoor, Sourcegraph, and Genpact. Founded by former Twitter CEO Parag Agrawal in 2023.

Founders Parag Agrawal

CEO Parag Agrawal

Company

Founded

2023

Headquarters

Palo Alto, United States

Financials

Total Funding

$200M

Last Valuation

$2.0B

Sectors

Artificial Intelligence SaaS Developer Tools Cloud Computing

parallel.ai

Funding History

2 rounds

Series B Apr 29, 2026

$100M

Valuation: $2.0B

Sequoia (Lead) Kleiner Perkins Index Ventures Khosla Ventures First Round Capital Spark Capital Terrain Capital

Series A Nov 15, 2025

$100M

Valuation: $740M

Kleiner Perkins (Lead) Index Ventures Spark Capital Khosla Ventures First Round Capital Terrain Capital

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.