Parallel
Parallel develops web-based infrastructure and APIs designed to enable artificial intelligence systems to access, process, and act on information from the open web. Its platform provides tools such as search, extraction, task execution, and monitoring APIs that allow AI agents to perform complex, multi-step research and data retrieval workflows. The company focuses on building systems that combine data retrieval, computation, and reasoning into unified outputs, emphasizing verifiable results and traceable sources. Its technology supports use cases such as structured data generation, continuous web monitoring, and automated dataset enrichment using real-time web data. Overall, Parallel Web Systems is oriented toward creating infrastructure that enables AI agents to interact with the web programmatically rather than through traditional human browsing patterns.
Founded by Parag Agrawal (CEO), Travers Nisbet (Co-founder)
| Round | Announced | Raised | Post-money |
|---|---|---|---|
| Series B | Jul 6, 2026 | $150M | $2.6B |
| Series B | Apr 28, 2026 | $100M | $2B |
| Series A | Nov 12, 2025 | $100M | $740M |
| Series A | Aug 14, 2025 | $30M | — |
| Seed | Jan 10, 2024 | $30M | $200.6M |
- IVIndex Ventures
- KVKhosla Ventures
- SCSequoia Capital
- KPKleiner Perkins
- FRFirst Round Capital
- ABAbstract
- SCSpark Capital
- TETerrain
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Data as of Oct 16, 2026. Valuations are estimates blended from primary and secondary-market signals — not investment advice.