Parallel Web Systems Stock
| Valuation | $2B1, 2 |
| Valuation Date | Apr 29, 2026 |
| Implied Valuation | n/a |
| Last Price | n/a |
| 52-Week High | n/a |
| 52-Week Low | n/a |
| YTD Return | n/a |
| 1-Year Return | n/a |
| 3-Year Return | n/a |
| Total Funding | $230M3 |
| Latest Round Amount | $100M1 |
| Latest Round | Series B |
| Funding Rounds | 3 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Parallel Web Systems
Parallel Web Systems is an AI infrastructure company that provides web search and research APIs for AI agents. Its APIs give AI systems structured access to the open web, powered by a proprietary index of the internet built for machine retrieval rather than human browsing. Products include the Parallel Search API, a Deep Research API and a Monitor API that tracks changes on the web. The company makes money by charging usage-based fees for API requests, with pricing tied to task complexity. Customers include Harvey, Clay, Notion and Fortune 500 enterprises. Parallel was founded by Parag Agrawal, the former CEO of Twitter, together with Travers Nisbet.
Invest in Parallel Web Systems
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News
Parallel and Google Cloud announce partnership for agentic web search on Gemini Enterprise
Parallel Web Systems integrated its agentic web search into Google's Gemini Enterprise Agent Platform, making Parallel callable in the Gemini Enterprise API and available via Google Cloud Marketplace.
OpenClaw now has free, LLM-optimized web search by default powered by Parallel
Parallel announced that the OpenClaw agent framework now ships with free web search powered by Parallel's search infrastructure by default.
Parallel Launches Index, A New Model For Compensating Content Owners
Parallel launched Index, a platform that shows content owners how AI agents use their work and pays participating publishers based on their contribution. Early partners include The Atlantic, Fortune M...
Parallel Monitor API: New processor tiers, snapshots and event streams, and Basis on every event
Parallel made its Monitor API generally available with new processor tiers, snapshots and event streams, letting AI agents continuously track changes on the web.
Parallel Web Systems hits $2B valuation five months after its last big raise
Parallel Web Systems raised a $100 million Series B at a $2 billion valuation led by Sequoia Capital, five months after its Series A. The company says over 100,000 developers use its web search and re...
Parag Agrawal's startup raises $100M to build a parallel web for AI agents
Parallel Web Systems raised $100 million in a Series B led by Sequoia Capital at a $2 billion valuation, more than doubling its Series A mark from five months earlier.
Genpact and Parallel Web Systems Partner to Drive Tangible Efficiency from AI Systems
Integrating Parallel's API helps Genpact automate and improve research workflows in insurance and sales NEW YORK and PALO ALTO, Calif., April 8, 2026 /PRNewswire/ -- Genpact (NYSE: G), an agentic and ...
Ex-Twitter CEO Agrawal's AI search startup Parallel raises $100 million
Parallel Web Systems raised a $100 million Series A at a $740 million valuation, co-led by Kleiner Perkins and Index Ventures, to build web search infrastructure for AI agents and fund deals with onli...
Startup led by Parag Agrawal launches research platform for AI applications
Parallel Web Systems launched its cloud platform out of stealth, offering Task, Search and low-latency APIs that let AI applications conduct online research using its proprietary web index.