Parag Agrawal, former Twitter CEO, is targeting AI agents as the primary customers for his new venture, Parallel. The startup is developing an API tailored for AI systems to utilise web data efficiently. Parallel aims to build infrastructure that allows AI agents to access and compute web content, anticipating a future where AI interacts with the web more extensively than humans.
Parallel is creating systems designed for advanced AI to work with the web, foreseeing AI operating on behalf of users. This involves systems that enable advanced AI to collaborate with web technologies. Agrawal's company has raised approximately $30 million from firms including Khosla Ventures, Index Ventures, and First Round Capital.
Based in Palo Alto, California, Parallel employs a team of around 10 individuals. The company's mission is to provide the best tools for AIs to access content on the web. Parallel's technology has achieved human-level performance on deep research benchmarks.
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