Parallel
Infrastructure for intelligence on the web
San Francisco, United States · Founded 2023 · $478.9M raised
- Headquarters
- San Francisco, California
- Employees
- 1–10
- Founded
- 2023
- Business Model
- B2B
- Website
- parallel.ai
- Total Funding
- $478.9M
- Last Round
- $230.0M Venture RoundMay 2026
- Rounds
- 5
About
Parallel Web Systems is an AI web infrastructure company founded in 2023 by former Twitter CEO Parag Agrawal, building APIs and tools that give AI agents deep, accurate access to web data. The company raised $130M across two rounds and serves enterprise customers using Parallel to power AI agents for software development, sales intelligence, and insurance risk analysis. Its core infrastructure is designed to be the foundational web layer for the agentic AI era.
Summary
Parallel is an Artificial Intelligence company based in San Francisco, United States, founded in 2023. It has raised $478.9M in total across 5 rounds, most recently a $230.0M Venture Round round in May 2026. Investors include Kleiner Perkins, Index Ventures and Khosla Ventures.
Tech & App Stack
7 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.
Funding History
Sign up to view the funding chart
Create a free account with 25 free credits every month, no card needed, to unlock funding history, valuations, and tech stacks.
May 2026
Sign up to see all 5 rounds
Seed through Venture Round — per-round amounts, valuations, and who invested in each round.
Investors
Similar Companies
AI startup building artificial general engineer for physical-world robotics and automation.
Cursor is the best way to code with AI, and built to make you extraordinarily productive.
Mistral is on a mission to push AI forward, to serve the open community and their enterprise cust...
Provides AI inference hardware and cloud platform for enterprises, using RDUs and SambaCloud to r...
UiPath is an AI-enhanced end-to-end automation platform.
ML inference infrastructure for deploying and serving AI models at scale, performantly and cost-e...
Your company? Embed this profile
Add the live badge to your site — it stays current as your funding data updates.
<a href="https://indexed.vc/companies/parallel"><img src="https://indexed.vc/api/badge/company/parallel" alt="Parallel on Indexed.vc" width="260" height="76" /></a>