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Parallel Web Systems hits $2B valuation five months after its last big raise

Parallel Web Systems has achieved a remarkable $2 billion valuation only five months after its last big funding round. Founded by ex-Twitter CEO Parag Agrawal, the AI startup is revolutionizing web search APIs, attracting major investors li...

TechCrunch· Apr 29, 2026 · 7:42 PM · 40 views

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Parallel Web Systems has achieved a remarkable $2 billion valuation only five months after its last big funding round. Founded by ex-Twitter CEO Parag Agrawal, the AI startup is revolutionizing web search APIs, attracting major investors like Sequoia and Kleiner Perkins. With clients such as Notion and Opendoor, the company is poised to transform AI technology for businesses. #AI #TechNews #Startup #Innovation #Investment

Originally reported by TechCrunch. Read the full story →

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