Ex-Twitter CEO Parag Agrawal launches AI startup Parallel
Ex-Twitter CEO Parag Agrawal has re-entered tech with Parallel Web Systems, an AI startup delivering real-time research infrastructure. Backed by $30 million from leading VCs, Parallel’s engines outperform GPT-5 in benchmarks and equip AI agents with APIs, citations, and live web intelligence. Based in Palo Alto, the 25-member team is fast emerging as a key AI infrastructure player.