Ex-Twitter CEO Parag Agrawal's AI startup raises ₹887 crore
Former Twitter CEO Parag Agrawal's artificial intelligence (AI) startup Parallel Web Systems has raised around ₹887 crore ($100 million) in a Series A funding round. Kleiner Perkins and Index Ventures co-led the round, valuing the company at $740 million. The money will be used to develop web search infrastructure for AI agents and to fund deals with online content owners.