Parag Agrawal Launches AI Startup to Power Real-Time Web Research

Parag Agrawal, the former CEO of Twitter—now known as X—has launched a new artificial intelligence startup, Parallel Web Systems Inc. [1]. The company, based in Palo Alto, is focused on enabling AI agents to autonomously collect and analyze data from the internet in real time [3]. Agrawal unveiled the venture through a LinkedIn post, highlighting the launch of its first product, the Deep Research API, which he claims outperforms leading AI models and humans on certain research benchmarks [2].

Agrawal, who was ousted by Elon Musk in October 2022 after serving as CEO of Twitter for just over a year, has since turned his focus toward AI. He stated that Parallel Web Systems is already being used by millions of research tasks daily, including automating human workflows and assisting coding agents in document searches and debugging [1]. Agrawal has raised $30 million in funding for the startup and is leading a 25-person team [2].

The former Twitter CEO previously worked as the company’s chief technology officer under Jack Dorsey, where he developed machine learning models. After leaving Twitter, he told Bloomberg that he returned to AI research full-time, declining offers from struggling tech companies [3]. Agrawal noted that AI agents—rather than humans—will be the dominant users of the internet in the near future. He envisions a world where individuals deploy dozens of AI agents to perform online tasks, a shift he believes will occur as early as the next year [4].

Agrawal’s venture aligns with broader industry discussions about the future of AI. Coinbase developers recently described autonomous AI agents as the next major development for Ethereum, highlighting their potential to enable self-driving taxis and content monetization through blockchain [5]. Agrawal’s Parallel Web Systems appears to be strategically positioned to support these kinds of applications through its AI-focused APIs and real-time data integration [4].

Agrawal’s return to the tech industry reflects both his resilience and his long-term commitment to AI innovation. Despite the high-profile exit from Twitter and the ongoing legal battle over his severance pay, he has shifted focus toward building the next phase of AI infrastructure [6]. His startup’s emphasis on real-time AI research and enterprise applications suggests a clear ambition to apply advanced AI technologies in scalable and practical ways [1].

Parallel Web Systems has drawn attention from investors and industry observers, who are watching to see how well the startup can deliver on its bold vision. Agrawal’s experience managing one of the world’s largest social media platforms may give him a unique perspective on addressing the challenges of AI governance and implementation [7]. As AI continues to evolve rapidly, his venture is positioned to contribute to the growing infrastructure that will support the next generation of AI agents.

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[1] title1………………………(https://www.peoplematters.in/news/leadership/ex-twitter-ceo-parag-agrawal-launches-ai-startup-parallel-with-dollar30m-42996)

[2] title2………………………(https://www.msn.com/en-in/money/news/former-twitter-ceo-parag-agrawal-launches-new-ai-startup/ar-AA1KCU9I?ocid=finance-verthp-feeds)

[3] title3………………………(https://opentools.ai/news/parag-agrawal-bounces-back-launches-ai-startup-parallel-web-systems)

[4] title4………………………(https://www.businessworld.in/article/ex-twitter-ceo-parag-agrawal-re-emerges-with-real-time-ai-research-platform-567655)

[5] title5………………………(https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96653529/former-twitter-ceo-parag-agrawal-emerges-with-ai-s)

[6] title6………………………(https://www.linkedin.com/pulse/gen-ai-business-70-august-happiness-happens-month-edition-jordan-8of1e)

[7] title7………………………(https://opentools.ai/news/ex-twitter-ceo-parag-agrawal-bounces-back-with-new-ai-startup-parallel-web-systems)