Home
Loading

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

Get in touch

  • Contact

  • Request a demo

  • Request data updates

  • Add a company

Research

  • Companies

  • Investors

  • People

aVenture

  • Sitemap

  • Feature requests

Member

Backed by

© aVenture Investment Company, 2026. All rights reserved.

San Francisco, CA, USA

Privacy Policy

aVenture Investment Company ("aVenture") is an independent research platform providing detailed analysis and data on startups, venture capital investments, and key industry individuals. It is not a registered investment adviser, broker-dealer, or investment advisor and does not provide investment advice or recommendations. The data provided by aVenture does not constitute recommendations or advice, whether by methodology, analysis, AI-generated content, or a statement written by a staff member of aVenture.

aVenture is not affiliated with any of the people, companies, organizations, government agencies, regulatory bodies, or investment funds we provide coverage for on this site unless explicitly stated otherwise. Users assume full responsibility for decisions made based on information obtained from this platform. Links to external websites do not imply endorsement or affiliation with aVenture. Any links that provide the ability to invest in a primary or secondary transaction in a company are for convenience only and do not constitute solicitations or offers to buy or sell an investment. Investors should exercise heightened precaution and due diligence when investing in private companies, especially those not independently audited.

While we strive to provide valuable insights with objectivity and professional diligence, we cannot guarantee the accuracy of the information provided on our platform. Before making any investment decisions, you should verify the accuracy of all pertinent details for your decision. To the fullest extent permitted by law, aVenture shall not be liable for any direct, indirect, incidental, consequential, or financial damages arising from use of this site, whether by consumers of its contents directly or by persons or organizations covered by our research, even if we are advised of the possibility. Our best-efforts processes and correction request forms do not create a warranty or duty of care.

Profiles on this platform may include content generated in part by large language models (LLMs, artificial intelligence) that aggregate publicly available sources (e.g., SEC EDGAR, public filings, press releases). Source attribution is provided where known; always verify statements and claims here against original sources before relying on any data. Content on our site may contain inaccuracies, omissions, or what are commonly called 'hallucinations' if generated in part or in full by AI / LLMs. The risk can also exist even when content is written by a human, as internal and third-party sources may also have inaccuracies for the same or different reasons. While we randomly audit a proportion of content, this is not exhaustive.

We recommend that an independent auditor be hired to verify the accuracy of the information before relying on it for any sensitive decisions. By accessing this platform, you agree not to rely solely on any information generated by AI, aggregated, or sourced or written otherwise on this site, for investment, financial, or other decisions. aVenture assumes no responsibility for inaccuracies, omissions, or hallucinations. You must independently verify all data from primary sources. Use of this platform constitutes your waiver of claims for reliance-based damages, including negligent misrepresentation. To report an error, request a correction, or dispute information about a company or individual, contact us via our request data updates form.

Loading
Loading
Home
News
Parallel Web Systems hits $2B valuation five months after its last big raise

From TechCrunch

By Julie Bort

April 29, 2026

Parallel Web Systems hits $2B valuation five months after its last big raise

Parallel Web Systems hits $2B valuation five months after its last big raise

Parallel Web Systems, the AI agent-tool startup founded by former Twitter CEO Parag Agrawal, has raised a $100 million Series B at a $2 billion valuation led by Sequoia. Existing investors Kleiner Perkins, Index Ventures, Khosla Ventures, First Round Capital, Spark Capital, and Terrain Capital also participated, the company said.

This raise comes just five months after the startup announced its $100 million Series A at a $740 million valuation led by Kleiner and Index, and brings the total capital it raised to $230 million.

Parallel offers a suite of web search and research APIs specifically for AI agents and names customers such as Clay, Harvey, Notion, and Opendoor. It says its customers include banks and hedge funds (though it has not named them).

The confidence of investors in Agrawal’s startup has to be particularly gratifying for him after his time at Twitter ended with a subsequent lawsuit. Elon Musk famously fired him and all the top execs after he bought Twitter. Those execs, including Agrawal, sued, alleging that Musk failed to pay the $128 million in severance pay they believe they were owed. In October, Musk settled the case for undisclosed terms.

In addition to some big-name customers, Parallel tells TechCrunch it has over 100,000 developers using its products.

View original article on techcrunch.com

Most Recent

AI-powered travel agency Fora hits unicorn status, raises $60M

AI-powered travel agency Fora hits unicorn status, raises $60M

Travel agency Fora announced a $60 million Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion.

Jul 16, 2026

Sheryl Sandberg leads $10 million investment in AI-powered vehicle inspection service

Sheryl Sandberg leads $10 million investment in AI-powered vehicle inspection service

The startup, founded in 2021, lets enterprise customers use smartphones to scan and spot vehicle damage.

Jul 16, 2026

Why AMI Labs’ Alexandre LeBrun won’t call his AI ‘AGI’ or ‘superintelligence’

Why AMI Labs’ Alexandre LeBrun won’t call his AI ‘AGI’ or ‘superintelligence’

While everyone in AI is chasing "superintelligence," Alexandre LeBrun, CEO of Yann LeCun’s world model startup, AMI Labs, dismisses the word.

Jul 16, 2026

Ultrahuman’s former hardware VP raises $5.5M for devices that control AI agents, not just record you

Ultrahuman’s former hardware VP raises $5.5M for devices that control AI agents, not just record you

Aina is going to pilot a new device in the coming weeks.

Jul 16, 2026

Similar Posts

Parloa, a conversational AI platform for customer service, raises $66M

Parloa, a conversational AI platform for customer service, raises $66M

Conversational AI platform Parloa has nabbed $66 million in a Series B round, anyear after it raised $21 million from a swathe of European investors to propelnits international growth. The German company is focusing on the U.S. innparticular, and last year opened an office in New York, too. It says this hubn[…]

Apr 24, 2024

Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

Scale AI has raised a $1 billion Series F round from a slew of big-nameninstitutional and corporate investors including Amazon and Meta.

May 21, 2024

Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

Scale AI has raised a $1 billion Series F round from a slew of big-nameninstitutional and corporate investors including Amazon and Meta.

May 21, 2024

Bret Taylor’s customer service AI startup just raised $175M

Bret Taylor’s customer service AI startup just raised $175M

Sierra, the AI startup co-founded by OpenAI chairman Bret Taylor, has raised $175 million in a funding round that values the startup at $4.5 billion. Sierra, launched by Taylor and longtime Google exec Clay Bavor, focuses on selling AI-powered customer service chatbots to brands like WeightWatchers and Sirius XM. There’s an “agent” component, as well. The platform connects to other enterprise systems to undertake tasks on behalf of the customer without humans being involved. There’s certainly n

Oct 28, 2024

Most Recent

AI-powered travel agency Fora hits unicorn status, raises $60M

AI-powered travel agency Fora hits unicorn status, raises $60M

Travel agency Fora announced a $60 million Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion.

Jul 16, 2026

Sheryl Sandberg leads $10 million investment in AI-powered vehicle inspection service

Sheryl Sandberg leads $10 million investment in AI-powered vehicle inspection service

The startup, founded in 2021, lets enterprise customers use smartphones to scan and spot vehicle damage.

Jul 16, 2026

Why AMI Labs’ Alexandre LeBrun won’t call his AI ‘AGI’ or ‘superintelligence’

Why AMI Labs’ Alexandre LeBrun won’t call his AI ‘AGI’ or ‘superintelligence’

While everyone in AI is chasing "superintelligence," Alexandre LeBrun, CEO of Yann LeCun’s world model startup, AMI Labs, dismisses the word.

Jul 16, 2026

Ultrahuman’s former hardware VP raises $5.5M for devices that control AI agents, not just record you

Ultrahuman’s former hardware VP raises $5.5M for devices that control AI agents, not just record you

Aina is going to pilot a new device in the coming weeks.

Jul 16, 2026

Similar Posts

Parloa, a conversational AI platform for customer service, raises $66M

Parloa, a conversational AI platform for customer service, raises $66M

Conversational AI platform Parloa has nabbed $66 million in a Series B round, anyear after it raised $21 million from a swathe of European investors to propelnits international growth. The German company is focusing on the U.S. innparticular, and last year opened an office in New York, too. It says this hubn[…]

Apr 24, 2024

Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

Scale AI has raised a $1 billion Series F round from a slew of big-nameninstitutional and corporate investors including Amazon and Meta.

May 21, 2024

Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

Scale AI has raised a $1 billion Series F round from a slew of big-nameninstitutional and corporate investors including Amazon and Meta.

May 21, 2024

Bret Taylor’s customer service AI startup just raised $175M

Bret Taylor’s customer service AI startup just raised $175M

Sierra, the AI startup co-founded by OpenAI chairman Bret Taylor, has raised $175 million in a funding round that values the startup at $4.5 billion. Sierra, launched by Taylor and longtime Google exec Clay Bavor, focuses on selling AI-powered customer service chatbots to brands like WeightWatchers and Sirius XM. There’s an “agent” component, as well. The platform connects to other enterprise systems to undertake tasks on behalf of the customer without humans being involved. There’s certainly n

Oct 28, 2024