Parallel Web Systems raises $100M at $2B valuation, reaches unicorn status

Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, raised $100 million in a Sequoia-led Series B, reaching a $2 billion valuation. This follows an earlier $100 million Series A, bringing total funding to $230 million. The speed of valuation growth — from founding to unicorn in a short timeframe — demonstrates that elite-tier AI infrastructure startups continue to attract massive capital at accelerating valuations. The company is building AI-powered search and web infrastructure technology.