After Settling With Elon Musk, Ex-Twitter CEO Parag Agrawal Secures $100 Million For His AI-Powered Search Startup Parallel

Benzinga11-13

Former Twitter CEO Parag Agrawal is charting a new course in artificial intelligence with his startup Parallel, which has raised $100 million in Series A funding. Parallel Web Systems, founded two ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2583537917?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2025/11/13/Portland--Or--Usa---Nov-8--2022-App-Icon.jpeg?optimize=medium&dpr=2&auto=webp&width=260","is_english":true,"pubTime":"2025-11-13 13:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2583537917","market":"us","top_or_hot":-1,"title":"After Settling With Elon Musk, Ex-Twitter CEO Parag Agrawal Secures $100 Million For His AI-Powered Search Startup Parallel","media":"Benzinga","content":"<div>\n<p>Former Twitter CEO Parag Agrawal is charting a new course in artificial intelligence with his startup Parallel, which has raised $100 million in Series A funding.\nParallel Web Systems, founded two ...</p>\n\n<a href=\"https://www.benzinga.com/markets/tech/25/11/48825441/after-settling-with-elon-musk-ex-twitter-ceo-parag-agrawal-secures-100-million-for-his-ai-powered-search-startup-parallel\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After Settling With Elon Musk, Ex-Twitter CEO Parag Agrawal Secures $100 Million For His AI-Powered Search Startup Parallel</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter Settling With Elon Musk, Ex-Twitter CEO Parag Agrawal Secures $100 Million For His AI-Powered Search Startup Parallel\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-13 13:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/tech/25/11/48825441/after-settling-with-elon-musk-ex-twitter-ceo-parag-agrawal-secures-100-million-for-his-ai-powered-search-startup-parallel><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Former Twitter CEO Parag Agrawal is charting a new course in artificial intelligence with his startup Parallel, which has raised $100 million in Series A funding.\nParallel Web Systems, founded two ...</p>\n\n<a href=\"https://www.benzinga.com/markets/tech/25/11/48825441/after-settling-with-elon-musk-ex-twitter-ceo-parag-agrawal-secures-100-million-for-his-ai-powered-search-startup-parallel\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AI","symbol_name":"C3.ai, Inc.","start_time":0,"source_url":"https://www.benzinga.com/markets/tech/25/11/48825441/after-settling-with-elon-musk-ex-twitter-ceo-parag-agrawal-secures-100-million-for-his-ai-powered-search-startup-parallel","article_id":"2583537917","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/11/13/Portland--Or--Usa---Nov-8--2022-App-Icon.jpeg?optimize=medium&dpr=2&auto=webp&width=260"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/markets/tech/25/11/48825441/after-settling-with-elon-musk-ex-twitter-ceo-parag-agrawal-secures-100-million-for-his-ai-powered-search-startup-parallel","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2583537917","pubTimestamp":1763011020,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Former Twitter CEO Parag Agrawal has raised $100 million for his AI startup Parallel, valued at $740 million, to build real-time web infrastructure that powers AI agents' internet search and data access.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AI":"C3.ai, Inc.","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","UFO":"Procure Space ETF","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","LU2463028550.USD":"AB SICAV I AMERICAN MULTI-ASSET PORTFOLIO \"A\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","DXYZ":"Destiny Tech100 Inc","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","TWTR":"Twitter","BK4099":"汽车制造商","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU0861579265.USD":"联博低波幅策略股票基金A","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","BK4587":"ChatGPT概念","USJW.SI":"ALPHAB 3xLongSG261006","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) INC 2","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","TSYW.SI":"TESLA 3xLongSG261006","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","BK4592":"伊斯兰概念","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4538":"云计算","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4588":"碎股","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC"},"translate_title":"在与埃隆·马斯克达成和解后，Twitter前首席执行官帕拉格·阿格拉瓦尔(Parag Agrawal)为他的人工智能搜索初创公司Parallel获得了1亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DXYZ":1.5,"UFO":0.6,"TSYW.SI":0.6,"AI":0.9,"USJW.SI":0.6,"TWTR":1.5},"content_text":"Former Twitter CEO Parag Agrawal is charting a new course in artificial intelligence with his startup Parallel, which has raised $100 million in Series A funding.\nParallel Web Systems, founded two years ago by Agrawal, is developing infrastructure that lets AI agents search the internet in real time, reported Reuters.\nThe Series A round, which values the company at $740 million, was co-led by Kleiner Perkins and Index Ventures, with participation from Khosla Ventures and other existing backers.\nAgrawal said Parallel's APIs allow AI systems to tap into live web data to perform complex tasks — from writing software code to analyzing customer data and evaluating insurance risk.\nAgrawal told the publication that real-time data access is becoming essential for AI-driven work.\nSee Also: Tim Cook Says US-Made Servers Will Power Apple Intelligence, Meeting $600 Billion Manufacturing Commitment Amid Trump's Build-At-Home Push\nUnlike traditional search engines like Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google that rank links for humans, Parallel's technology delivers structured web content — or \"tokens\" — directly into AI models.\nThis approach, the company says, improves accuracy, reduces misinformation and cuts operational costs for clients.\nAgrawal said the new funding will accelerate product development and customer acquisition while addressing challenges like paywalled content that limits AI training.\nHe hinted at plans to create an \"open market mechanism\" to compensate publishers who keep their content accessible to AI systems.\nAgrawal's comeback follows a legal settlement with Elon Musk's X Corp in October, resolving a $128 million severance dispute. Now, the former Twitter chief is betting that Parallel could power the next generation of AI-driven web search.\nBenzinga's Edge Stock Rankings place GOOGL in the 90th percentile for Momentum, highlighting its solid long-term price performance. Click here to see how it compares with industry peers.\nRead Next:\nPhoto Courtesy: Tada Images on Shutterstock.com\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2583537917","isCrawlerRequest":true}