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Parallel Web Systems Secures Major Funding to Scale AI-Driven Web Search Infrastructure
Parallel Web Systems raised $100 million at a $740 million valuation to scale its AI-first web search infrastructure and expand engineering and enterprise adoption.
Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, raised $100 million in a Series A round valuing the company at $740 million. The startup is building AI-first web search infrastructure designed to deliver faster, more contextual responses using large-scale retrieval and modular indexing. Investors noted the company’s differentiated approach in rethinking search architecture for developer ecosystems.
The funding will be used to expand engineering capabilities, strengthen data pipelines, and accelerate enterprise adoption across global markets.