Parallel Internet Programs, the AI agent-tool startup based by former Twitter CEO Parag Agrawal, has raised a $100 million Sequence B at a $2 billion valuation led by Sequoia. Present buyers Kleiner Perkins, Index Ventures, Khosla Ventures, First Spherical Capital, Spark Capital, and Terrain Capital additionally participated, the corporate stated.
This elevate comes simply 5 months after the startup introduced its $100 million Sequence A at a $740 million valuation led by Kleiner and Index, and brings the entire capital it raised to $230 million.
Parallel gives a collection of net search and analysis APIs particularly for AI brokers and names prospects resembling Clay, Harvey, Notion, and Opendoor. It says its prospects embrace banks and hedge funds (although it has not named them).
The arrogance of buyers in Agrawal’s startup needs to be significantly gratifying for him after his time at Twitter ended with a subsequent lawsuit. Elon Musk famously fired him and all the highest execs after he purchased Twitter. These execs, together with Agrawal, sued, alleging that Musk did not pay the $128 million in severance pay they consider they have been owed. In October, Musk settled the case for undisclosed phrases.
Along with some big-name prospects, Parallel tells TechCrunch it has over 100,000 builders utilizing its merchandise.
