Parallel builds web search and research APIs designed for use by AI agents. The company was founded and is led by former Twitter CEO Parag Agrawal. Parallel counts customers such as Clay, Harvey, Notion, and OpenDoor, and says it serves banks and hedge funds though it has not named them. It reports more than 100,000 developers using its products. Financially, Parallel has raised $230 million to date and was valued at $2 billion after its $100 million Series B led by Sequoia. The company’s rapid fundraising progression included a $100 million Series A five months earlier at a $740 million valuation.

Total raised

$230M

Funding rounds

3

Latest round

Series B

Latest activity

Apr 2026