Parallel Web Systems

Stub active Updated Apr 30, 2026

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Location San Francisco, CA
Latest Stage Series B
Total Raised $230M
Website https://parallel.ai
Sector
ai infrastructure agents web-search developer-tools

Investors

Andrew Reed series-b (2026)
Sequoia Capital series-b (2026)
Kleiner Perkins series-b (2026)
Index Ventures series-b (2026)
Khosla Ventures series-b (2026)
First Round Capital series-b (2026)
Spark Capital series-b (2026)
Abstract Ventures series-b (2026)

Founders

Parag Agrawal CEO & Co-Founder

About

Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, builds web infrastructure for AI agents, providing APIs that give agents structured, grounded access to the open web via a proprietary internet index used by more than 100,000 developers 12.

Funding History

Date Round Amount Lead Co-investors
2026-04-29 Series B $100M Sequoia Capital Kleiner Perkins, Index Ventures, Khosla Ventures, First Round Capital, Spark Capital, Terrain Capital, Abstract Ventures 123

What Investors Say

No independently sourced investor quotes found for this round.

What Founders Say

No independently sourced founder quotes found for this round.

Sources

  1. PR Newswire, “Parallel Raises at $2 Billion Valuation to Scale Web Infrastructure for Agents,” April 29, 2026. https://www.prnewswire.com/news-releases/parallel-raises-at-2-billion-valuation-to-scale-web-infrastructure-for-agents-302756350.html↩↩

  2. TechCrunch, “Parallel Web Systems hits $2B valuation five months after its last big raise,” April 29, 2026. https://techcrunch.com/2026/04/29/parallel-web-systems-hits-2b-valuation-five-months-after-its-last-big-raise/↩↩

  3. Parallel Web Systems blog, “Series B,” April 29, 2026. https://parallel.ai/blog/series-b↩