Ex-Twitter CEO Parag Agrawal has launched a new startup, ‘Parallel Web Systems’, after being dismissed by Elon Musk. This company is developing a cloud platform to assist in large-scale online research using artificial intelligence and has secured $30 million in funding to date.
Ex-Twitter CEO Parag Agrawal Startup: Former Twitter head Parag Agrawal, who was dismissed by Elon Musk after the Twitter (now X) acquisition in 2022, founded a new startup, ‘Parallel Web Systems Inc.’, in 2023. Based in Palo Alto, USA, this company is developing an artificial intelligence-based cloud platform that will facilitate large-scale online research and data processing for machines. The company has so far received $30 million in funding from investors such as Khosla Ventures, First Round Capital, and Index Ventures.
Elon Musk Fired Parag Agrawal
Ex-Twitter CEO Parag Agrawal was fired by Elon Musk in 2022 after the acquisition of Twitter (now X). Following this, he founded the new startup Parallel Web Systems Inc. in 2023. This company is developing an advanced cloud platform to enable artificial intelligence (AI) systems to conduct large-scale online research.
Parallel Web Systems Receives $30 Million in Funding
The company has raised $30 million in funding to date. Prominent investors such as Khosla Ventures, First Round Capital, and Index Ventures participated in this round. The Palo Alto-based startup currently has a team of 25 members.
New Platform Will Make Research Easier for AI Companies
Parag Agrawal stated that their platform is already completing millions of research tasks every day. Many rapidly growing AI companies are using Parallel Web Systems to bring web intelligence directly into their platforms and agents. One public company has automated traditional human workflows through this technology, with accuracy reportedly exceeding that of humans.
Deep Research API Performed Better Than GPT-5
Parallel recently launched its Deep Research API. The company claims that this API has proven to be superior to humans and existing top AI models — including GPT-5. This technology provides a high level of accuracy even on difficult benchmarks.
A Major Plan to Make the Internet AI-Friendly
The company's vision is to make the internet not only suitable for humans but also for AI. Parallel believes that the existing web structure is based on clicks, ads, and paywalls, which are not useful for machines. With this in mind, the company is working towards a “Programmatic Web” where AI can directly request information, and the system processes it and makes it available in a reliable and organized form.
