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Hey folks ! Remember Parag Agrawal, the ex-CEO of Twitter? After Elon Musk takeover Twitter in oct 2022 , Parag exited with a cool $42 million package. Now he is back with $30 million funding for his new AI startup Parallel Web Systems. This $30M in funding from Khosla Ventures, Index Ventures, and First Round Capital. ๐ฐ Parallel aims to build an API that helps AI interact with web data more effectively. Based in Palo Alto, theyโre working on making AI smarter with real-time web access!
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Parag Agrawal Launches AI Startup โParallelโ Former Twitter CEO Parag Agrawal has launched an AI startup named Parallel, backed by โน260 crore in funding. The startup claims to offer 10% better accuracy than GPT-5, aiming to advance AI's applicabilit
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Parag Agrawal, former CEO of Twitter, has launched a new AI startup called Parallel Web Systems. The company has raised $30 million in funding from leading Silicon Valley investors including Khosla Ventures, Index Ventures, and First Round Capital.
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๐ Weekly Startup Funding Snapshot โ India (April 21โ27, 2025) Indian startups secured โน2,000 Cr (~$250M) across 22 deals, led by SaaS, Edtech, B2B, and EV infrastructure. ๐ Top Deals 1. Atomicwork (B2B SaaS): โน200 Cr ($25M) Series A โ Khosl
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Bengaluru-based healthcare company Even Healthcare has wrapped up its Series A funding round after raising $30 million (around Rs 250 crore) as it aims to boost its hospital operations. The funding round was led by existing investor Khosla Venture
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Seeing more movement around agentic infra and web interaction. - With startups like TinyFish raising $47M to build AI agents that mimic human browsing price tracking, inventory scans, complex task flows, is it clear that today's web wasnโt built for
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๐จ LanceDB raises $30M SeriesโฏA from Theory Ventures, CRV, YC, Databricks Ventures & Runway ๐ง Why it matters: Multimodal AI needs robust data infraโand strong investment signals where text, vision & audio meet. ๐ Quick Insight: If you're buildi
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X User Records Released: 200 million+ Twitter Accounts Leaked Cyber criminals are always on the lookout for platforms that double up as mammoth data rigs, such as popular social media platforms. One of the latest targets of hackers is X (formerly Tw
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Another electric vehicle manufacturer has declared bankruptcy. ๐ Electric car startup Fisker, founded by Henrik Fisker, has filed for bankruptcy. The company attempted to revive its business model of contract manufacturing cars through outsourcing
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