Former Twitter CEO Parag Agrawal has raised $100 million for his new artificial intelligence startup, Parallel, marking one of the year’s largest funding rounds in the AI sector. The funding round, led by top-tier venture investors including Andreessen Horowitz and Sequoia Capital, positions Parallel as a significant contender in the increasingly competitive AI technology space.
Agrawal, who led Twitter through its tumultuous acquisition by Elon Musk, now aims to build advanced AI tools with a focus on trustworthy search and data-centric applications for enterprise clients.
Agrawal’s venture stands out not only for the size of its funding but also for its ambition: the company is reportedly recruiting top AI talent and developing proprietary technologies designed to rival current search engines and large language models.
Parallel’s initial product focus will be on secure, privacy-focused AI search services for large organisations, and Agrawal has promised rapid rollouts of enterprise-grade solutions in early 2026. Industry analysts view Parallel’s fundraising as a sign of sustained investor confidence in transformative AI, especially from founders with a proven track record.
