Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, raises a $100 million Series B led by Sequoia at a $2 billion valuation. The financing comes five months after its $100 million Series A at a $740 million valuation and brings the company’s total capital raised to $230 million. Parallel provides web search and research APIs for AI agents, names Clay, Harvey, Notion, and Opendoor as customers, and says more than 100,000 developers use its products.
Pepper IoT acquires Notion from Comcast, combining Pepper’s consumer IoT platform with Comcast’s insurtech business unit. Comcast had acquired Notion in February 2020.
Nationwide partnered with Notion to launch a smart home program offering customers discounted monitoring systems and homeowners insurance savings. The program initially launched in Alabama, Arizona, and Illinois.
Notion secured $2 million in seed funding for its connected-home sensors from Draper Nexus Ventures, Gabriel Investments, Galvanize Ventures, Foundry Group Angels, and TechStars. Before this round, the company had raised over $280,000 through Kickstarter crowdfunding.
