Parallel Web Systems Secures $100 Million in Series B Funding

Parallel Web Systems, an AI infrastructure company founded by former Twitter CEO Parag Agrawal, has raised $100 million in a Series B funding round. According to ChainCatcher, the funding round was led by Sequoia Capital, with participation from existing investors Kleiner Perkins, Index Ventures, and Khosla Ventures. The company is now valued at $2 billion. Parallel Web Systems focuses on providing efficient web search and access control infrastructure for long-cycle AI agents. The company has raised a total of $230 million to date and employs approximately 50 people. It serves over 100,000 developers and enterprise clients. The current focus is on expanding its sales, marketing, and research and development teams to further develop enterprise-level AI agent web scenarios.