Parallel Internet Techniques, the AI agent-tool startup based by way of former Twitter CEO Parag Agrawal, has raised a $100 million Sequence B at a $2 billion valuation led by way of Sequoia. Current traders Kleiner Perkins, Index Ventures, Khosla Ventures, First Spherical Capital, Spark Capital, and Terrain Capital additionally participated, the corporate stated.
This lift comes simply 5 months after the startup introduced its $100 million Sequence A at a $740 million valuation led by way of Kleiner and Index, and brings the full capital it raised to $230 million.
Parallel provides a collection of internet seek and analysis APIs particularly for AI brokers and names shoppers comparable to Clay, Harvey, Perception, and Opendoor. It says its shoppers come with banks and hedge finances (even though it has now not named them).
The arrogance of traders in Agrawal’s startup needs to be in particular pleasing for him after his time at Twitter ended with a next lawsuit. Elon Musk famously fired him and all of the most sensible professionals after he purchased Twitter. The ones professionals, together with Agrawal, sued, alleging that Musk did not pay the $128 million in severance pay they consider they had been owed. In October, Musk settled the case for undisclosed phrases.
Along with some big-name shoppers, Parallel tells TechCrunch it has over 100,000 builders the use of its merchandise.
