# Parallel Web Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parallel-web-systems

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.parallel.ai/
- Total disclosed funding: $230M
- Latest round: Series B (Apr 28, 2026)
- Investors on record: 8

## About

Based in the US, Parallel Web Systems Inc. develops advanced systems that integrate artificial intelligence with web functionalities, offering solutions that enhance data processing and retrieval for various applications. Based in California, US, founded in 2023 by its founder Parag Agrawal and Travers Nisbet, Parallel Web Systems Inc. is focused on integrating AI technologies with internet functionalities for enhanced data access and processing. In April 2026, Parallel Web Systems Inc. raised USD 100 million in series B funding led by Sequoia, with participation from Abstract Ventures, Kleiner Perkins, Spark Capital, Terrain, Index Ventures, First Round Capital and Khosla Ventures. Parallel Web Systems specializes in creating advanced systems designed to facilitate the integration of artificial intelligence (AI) with the internet. The company's core offering is an API that enables AI technologies to perform high-value tasks using data retrieved from the web. This API is tailored to support advanced retrieval, ranking, and reasoning functionalities, allowing AIs to operate in processing web information. The primary use cases for Parallel Web Systems’ products include enhancing decision-making processes for businesses, automating data retrieval tasks, and improving the overall performance of AI applications. The client base consists primarily of technology firms and enterprises leveraging AI solutions. Parallel Web Systems generates revenue by providing AI infrastructure and APIs for enterprises, charging based on usage (e.g., per query) and potentially subscriptions, enabling AI agents to access, analyze, and extract web data efficiently, supporting applications like research, coding, and enterprise analytics. The company will use the April 2026 funding to support development of web search and research APIs for AI agents and expand adoption of its tools.

## Funding rounds

- Series B, Apr 28, 2026, $100M — Index Ventures, Kleiner Perkins, Sequoia, Spark Capital, Khosla Ventures, First Round Capital, Abstract Ventures, Terrain
- Series A, Nov 12, 2025, $100M — Index Ventures, Kleiner Perkins, Spark Capital, Khosla Ventures, First Round Capital, Terrain
- Seed, Aug 18, 2024, $30M — Index Ventures, Khosla Ventures, First Round Capital, Terrain

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed, Series A, Series B
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed, Series A, Series B
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed, Series A, Series B
- Terrain (https://capitalatlas.ai/funds/terrain) — Seed, Series A, Series B
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series B
- Spark Capital — Series A, Series B
- Sequoia (https://capitalatlas.ai/funds/sequoia) — Series B
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Series B