Parallel Web Systems Raises $100 Million at $2 Billion Valuation; Starcloud Seeks $200 Million for Orbital Data Centers

Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, raised $100 million led by Sequoia at a $2 billion valuation, bringing total funding to $230 million. The company is building a decentralized web infrastructure platform. Separately, Starcloud is seeking at least $200 million after achieving unicorn status for its orbital data center technology, which aims to deploy computing infrastructure in space. The funding activity in early May 2026 shows continued aggressive investor appetite for AI infrastructure plays, spanning from next-generation web platforms to space-based data centers.