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The former CEO of Twitter founded an AI startup that completed a financing round and is now valued at $2 billion.

2026-04-30 07:26
ParallelWebSystems, a startup founded by Parag Agrawal, the former CEO of Twitter, has completed a $100 million Series B financing round, highlighting the market's growing attention to the implementation of autonomous agents. This financing round was led by HSG. The valuation of this company located in Palo Alto, California, has now soared to $2 billion. Existing investors such as Kleiner Perkins, Index Ventures, and Khosla Ventures all participated in this follow - on investment. (Sina Finance)