Travers Nisbet
Head of Product
Startup profile
Parallel Web Systems
Series BPalo Alto, California, United States$100M raised
Open roles24
Total raised$100M
Team size11-50
Founded · Stage2024 · Series B
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Get StartedAbout the company
What they build and who they serve.
Parallel Web Systems is a Palo Alto-based AI startup founded by former Twitter CEO Parag Agrawal in 2023. It develops a cloud-based deep research API that enables AI agents to perform real-time, large-scale web research and synthesis, outperforming leading AI models like GPT-5 on complex web-centric tasks.
Team & contacts
Key people at the company—reach out on LinkedIn or email.
Angela Gandhi
Head of Legal
Parag Agrawal
Founder
Manvesh Vyas
Engineer
Qiao Han
Software Engineer
Venu Kasturi
Founding Engineer
Tushar Gupta
Engineer
Anshul Tomar
Software Engineer
Tina Jiang
Product Manager
Pranay Samala
Software Engineer
Why it matters
Signals from funding, traction, and product direction.
- Parallel claims industry-leading accuracy on deep-research benchmarks and provides evidence-based, provable outputs for AI agents.
- Co-led by Kleiner Perkins and Index Ventures; participation from Spark Capital and support from existing investors Khosla Ventures, First Round Capital, and Terrain.
- Parallel raised $3.5 million in a seed funding round led by Frst, with participation from Y Combinator, Bpifrance, Kima Ventures, Better Angle, and angel investors.
- Currently powers millions of research tasks daily for AI startups and enterprises
- The funding will accelerate development of eight flagship AI research engines and expand adoption of its cloud-based platform
- Founded by ex-Twitter CEO Parag Agrawal in 2023
Funding history
Rounds and investors over time, newest first.
Series B
$100MIndex VenturesSequoia Capital · LeadKhosla VenturesKleiner PerkinsSeries A
$100MSpark CapitalKleiner Perkins · LeadTerrainFirst Round CapitalKhosla VenturesIndex Ventures · LeadSeries A
$30MFirst Round CapitalKhosla Ventures · LeadIndex VenturesTerrainAngel InvestorsSeed
$3.5MBetter AngleFrst · LeadKima VenturesBpifranceY CombinatorAngel Investors
In the news
Press, announcements, and coverage about this company.
Investors
Index VenturesSequoia CapitalKhosla VenturesKleiner Perkins
Focus areas
Early StageAI/MLAPI ManagementCloud InfrastructureDeep TechData AnalyticsSaaS
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