Parallel Web Systems Raises $100M for AI Web Search

Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, secures $100M in Series A funding to build AI-focused web search infrastructure. The company, valued at $740M, aims to help AI systems access and use internet information more effectively. Parallels APIs allow AI agents to search the live web for current data, improving accuracy and reducing operational costs. The new capital will support product development, customer acquisition, and exploring new economic models to incentivize publishers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.