Ex Twitter CEO Parag Agrawal launches AI startup

The Palo Alto-based company announced that its cloud-based research platform is already processing millions of queries daily for early adopters.

Parag Agrawal / LinkedIn (@ParagAgrawal)

Former Twitter chief executive Parag Agrawal launched Parallel Web Systems, an artificial intelligence startup aimed at enabling AI agents to conduct real-time, reliable research on the web.

The Palo Alto-based company came out of stealth on Aug. 13 announcing that its cloud-based research platform is already processing millions of queries daily for early adopters.

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Founded in 2023, Parallel Web Systems has secured $30 million in funding from investors including Khosla Ventures, Index Ventures, and First Round Capital. The company has built a 25-member team and is offering its services through three APIs, including a low-latency option designed for chatbots.

According to a company statement, Parallel’s technology provides AI applications with direct access to public web data, verifying and organizing the results while assigning confidence scores.

The platform features eight “research engines” with varying speeds and depth, including the most advanced version, Ultra8x, which can spend up to 30 minutes on a single query. Parallel said Ultra8x outperformed OpenAI’s GPT-5 in benchmarks such as BrowseComp and DeepResearch Bench by more than 10 percent.

Use cases include enabling AI coding assistants to pull code from GitHub, helping retailers monitor competitors’ product catalogues, and allowing market analysts to compile reviews into spreadsheets.

Agrawal, who led Twitter for less than a year, began developing Parallel shortly after his departure, focusing on what he has described as building infrastructure for “the web’s second user”- AI agents.

The launch comes as Agrawal remains in a legal dispute with Elon Musk over $50 million in alleged unpaid severance from his October 2022 dismissal, which followed Musk’s $44 billion acquisition of Twitter.

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