Parag Agrawal, the former CEO of Twitter, has started a new company called Parallel Web Systems. His company has a big dream: to build a new type of internet that can be used not only by people, but also by AI agents. These AI agents are smart computer programs that can read, learn and make decisions.
To make this big idea real, the company has now raised $100 million in Series A funding. This is a huge amount of money, and it shows that investors believe strongly in Parag Agrawal’s vision.
What Parallel Web Systems Does?
Parallel Web Systems was started in 2023. The company is working on a special kind of internet infrastructure. Today, the internet is designed for humans. We open websites, read articles, watch videos and click buttons. But AI does not work like humans. It needs fast, clean and real-time information.
Parallel wants to build an internet where AI can read the web in real time. This means AI can look at the latest information on the internet the moment it appears. This is very useful for many industries, such as:
- Risk modelling – AI can study data and help companies make safer decisions.
- Code generation – AI can check live documentation and write or correct code.
- Customer analytics – AI can track how customers behave online.
- Compliance – AI can check new rules and help companies follow them.
With Parallel’s technology, AI will not need to wait for slow updates. It will get information instantly, like a human reading a newspaper live as it is printed.
Why This Matters?
Parag Agrawal believes that the internet should not be only for humans. He says something very interesting:
“Humans shouldn’t be the only ones allowed to use the web.”
He believes that in the future, AI agents will use the internet more than people do. If this becomes true, the internet needs a new system that is built for machines. The current internet is too slow and unorganised for AI. So Parallel is trying to build the “plumbing” or the base layer of this new machine-friendly internet.
The $100 Million Funding Round
Parallel raised $100 million at a $740 million valuation. This means investors think the company is already worth almost three-fourths of a billion dollars. The funding round was led by Kleiner Perkins and Index Ventures, two very famous and respected venture capital firms.
Khosla Ventures and other investors also joined.
This money will help Parallel:
- Build the product faster
- Work with more publishers
- Create a fair system where content creators get paid when AI uses their work
This last part is important. Today, many publishers are upset because AI models use their content without permission. Parallel wants to change this by making a system where publishers can earn money whenever AI reads their content.
Why Investors Are Excited
Many investors think that AI is the future, but AI needs better tools to work smoothly. Right now, AI tries to understand the internet by using slow and messy methods like scraping. Scraping is when a computer goes through websites and copies text. It is not very reliable.
Parag Agrawal AI company, wants to fix this by making a clean and organised path between AI and the internet. If Parallel succeeds, it could become one of the most important companies in the AI world.
How does this change the Internet?
If AI becomes the main user of the internet, many things will change. For example:
- The speed of information will become even faster.
- Companies will use AI for more important tasks.
- Publishers will get paid fairly for their content.
- The internet will become more structured and easier for machines to understand.
Parallel is trying to prepare the world for this new future.
Parag Agrawal’s New Journey?
After leaving Twitter, many people wondered what Parag Agrawal startup would do next. Now we know. He wants to build something bigger than a social media platform. Parag Agrawal startup may reshape the entire internet.
This is a huge mission, but the support from investors shows that many smart people believe he can do it.
The Big Question
If AI agents start using the internet more than humans, what will the world look like? Will AI help us make better choices faster? Will it change how businesses run? Will it make the web safer and smarter?
Parag Agrawal, ai startup idea, believes this future is coming very soon.
Do you think AI agents will outnumber human users on the web one day?
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