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Frauded by Elon Musk, East-Twitter CEO Parag Agarwal is back to the game with the new $ 30M AI company

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Frauded by Elon Musk, East-Twitter CEO Parag Agarwal is back to the game with the new $ 30M AI company

Former Twitter CEO Parag Agarwal is back in the game with a new $ 30 million AI startup. The services of the company are already handling millions of works per day and even claiming to perform better than GPT-5 in the major benchmarks.

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Frauded by Elon Musk, East-Twitter CEO Parag Agarwal is back to the game with the new $ 30M AI company

In short

  • East-Twitter CEO Parag Agarwal has launched a new company, called parallel
  • Parallel is an AI startup that provides agent AI services
  • The company has already raised $ 30 million funds

East-Twitter CEO Parag Agarwal is in the news from Silicon Valley. The day he captured Twitter on Twitter, about three years after Alone Musk’s inadvertently expelled by Elon Musk, the former CEO is back in the game and this time at the top of his own Artificial Intelligence Company. Agrawal has introduced a cloud platform designed for its new startup, parallel web systems Inc., AI systems to help them do online research.

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Aggarwal established a parallel in 2023 and is quietly building a 25-person team in Palo Alto. The two-year-old company has already raised $ 30 million, supported by large-name investors, including Khosla Ventures, First Round Capital and Index Ventures. According to the official blog post shared by the company, the technique of parallel is already handling millions of research work every day for beginner adopters, which Agarwal has described as “some of the fastest growing AI companies”.

So what will parallel?

In simple terms, Agrawal’s new AI platform AI allows AI app to tap in real -time data from the public web and keep that information together directly in their reactions. Think of it as giving AI access to a browser that not only obtains the correct information, but verifies it, organizes it, and even grades his confidence in the north.

According to the blog post, the system offers eight separate “research engines” with different speed and depth. The fastest can respond within a minute, while the most advanced – Ultra8x – can spend up to 30 minutes to dig for highly detailed information. Parallel says that Ultra8x improved Openai’s GPT-5 in independent benchmarks and improved more than 10 percent in the deepresach bench. “(This is) leads the AI model like GPT -5 on the only AI system to improve both humans and the most rigorous benchmark for deep web research,” the company noted.

For use cases, the company says that its services are available for AI coding assistants to pull snipites directly from Github, help a competitor to track a competitor’s product catalog, or enable a market analyst to review a market analyst very neatly in a spreadsheet. Developers can also integrate these capabilities using one of three APIs of parallel, including a low-delegation option for chatbott.

From court room drama to coding again

Interestingly, Agarwal’s return has been impressive after all the chaos in the late 2022. In that October, he was still a leader on Twitter after months of battling musk in court. The battle was again about Mask’s again, about $ 44 billion takeover dialect. When Musk finally closed the deal, his first step was to dismiss most of Twitter’s leadership team including Aggarwal.

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However, after all the plays, instead of taking a break, Agwal clearly jumped into sketching ideas in coffee shops, reading research papers and writing code. Initially, he allegedly considered an AI healthcare venture (through Bloomberg), but the parag says that this is a necessity: AI provides the ability to find and explain information from the web.

And now, it seems that he is indirectly back into competition with musk, this time in the AI race, it is a condition with parallel, accuracy and speed that his victory will increase. “You probably deploy 50 agents on your behalf to place it on the Internet,” he predicts. “And this is going to happen soon, like next year,” Aggarwal told Bloomberg.

– Ends

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