Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has raised $100 million in Series B funding at a $2 billion valuation. The investment was led by Sequoia, with existing investors participating. This funding round comes just five months after the company's $100 million Series A, bringing the total capital raised to $230 million. The startup offers web search and research APIs for AI agents, with notable customers including Clay, Harvey, and Notion. Read more...
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