Parallel
formerly Parallel Web SystemsInfrastructure for intelligence on the web
San Francisco, United States · Founded 2023 · $608.9M raised
- Headquarters
- San Francisco, California
- Employees
- 1–10
- Founded
- 2023
- Business Model
- B2B
- Website
- parallel.ai
- Total Funding
- $608.9M
- Last Round
- $230.0M Venture RoundMay 2026
- Rounds
- 7
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
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 $608.9M in total across 7 rounds, most recently a $230.0M Venture Round in May 2026. Investors include Index Ventures, Kleiner Perkins and Khosla Ventures.
Tech & App Stack
11 technologies & apps tracked
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Funding History
May 2026
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Funding: Seed through Venture Round. Amounts, valuations, and investors where available.
Investors
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