Parallel Web Systems

Parallel Web Systems is an artificial intelligence technology company focused on building the essential infrastructure for the next generation of the web: the 'web for AI'. Founded in 2023 by Parag Agrawal, the former CEO of Twitter, the company is headquartered in Palo Alto, California. Parallel Web Systems addresses the fundamental mismatch between the current human-centric web and the needs of autonomous AI agents. While the traditional web is designed for human consumption via browsers, AI agents require structured, verifiable, and high-bandwidth access to information to perform complex tasks effectively.

The company's flagship offering includes a suite of APIs—Search, Extract, and Task—that enable developers to equip their AI systems with the ability to search the live web, retrieve up-to-date information, and execute multi-step research workflows. Parallel's technology is engineered to minimize hallucinations by providing evidence-based outputs with clear provenance. Their 'Deep Research' capabilities allow agents to synthesize information from across the web, reportedly outperforming both human researchers and leading AI models on rigorous benchmarks. By treating AI agents as the primary users of the web, Parallel Web Systems aims to create a more open, transparent, and competitive internet ecosystem where content creators are compensated, and AI systems can operate with unprecedented accuracy and reliability. The company has raised significant capital from top-tier investors, including Kleiner Perkins, Index Ventures, and Khosla Ventures, to accelerate its mission of powering the future of AI-driven web interaction.