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Former Twitter CEO Founds Parallel Web Systems, Valued at $2 Billion After Series B Funding
1 day ago /
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Author：小编
According to ventureburn, Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, recently completed a $100 million Series B funding round led by Sequoia Capital, with participation from Kleiner Perkins and others. Following this funding round, the company is now valued at $2 billion, with cumulative funding reaching $230 million. Parallel is dedicated to building 'parallel network' infrastructure specifically designed for AI agents, and the new funds will be used to expand the team and enhance R&D, with a focus on serving industries such as finance and insurance.
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