From Twitter to AI: Parag Agrawal’s New Venture, Parallel Web Systems

Following his departure from Twitter, Parag Agrawal has founded Parallel Web Systems, an AI startup. The company aims to offer AI systems for online research, functioning as a cloud platform. Parallel’s system features eight different research engines, each with varying speeds and depths. The fastest engine delivers results in under a minute, while the most advanced, Ultra8x, takes up to 30 minutes. In benchmarks, Ultra8x has reportedly performed better than OpenAI’s GPT-5. The startup, established in 2023, has raised $30 million from investors including First Round Capital, Khosla Ventures, and Index Ventures. Parallel technology processes millions of research tasks daily.