Parag Agrawal, ex-Twitter CEO who was fired by Elon Musk in 2022 after he bought the platform which is now called X, introduced his new AI cloud platform Parallel Web Systems. The startup, launched in October 2023, now has 25 employees in California's Palo Alto. Parallel has already raised $30-million funding and its investors include Indian-origin venture capitalist Vinod Khosla.