Former Twitter chief government Parag Agrawal, who was dismissed by Elon Musk following his $44 billion takeover of the platform in 2022, has re-emerged with a daring new enterprise. The Indian-origin technologist has launched Parallel Internet Techniques Inc., a Palo Alto-based startup constructing infrastructure instruments for synthetic intelligence corporations.
A ₹260 crore wager on AI infrastructure
Based in 2023, Parallel has already raised $30 million (round ₹260 crore) from distinguished traders, together with Khosla Ventures, First Spherical Capital, and Index Ventures, in accordance with Bloomberg and TechCrunch. The startup’s mission is to assist AI methods conduct large-scale analysis throughout the net, a core problem as demand for real-time, high-quality knowledge accelerates.
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Agrawal, who started his profession as a Twitter engineer earlier than rising to CEO in 2021, stored a low profile after being eliminated when Musk restructured the corporate, now rebranded as X. His return with Parallel marks a major shift, from main a social media big to constructing the digital spine for AI analysis.
Parallel’s deal with “net intelligence”
In a latest LinkedIn publish, Agrawal described Parallel’s aim as enabling corporations to harness “net intelligence” for his or her merchandise. He famous that the platform already powers thousands and thousands of analysis duties each day for startups and enterprises. One unnamed public firm, he claimed, has built-in Parallel’s system to automate workflows beforehand dealt with by people, reaching outcomes “exceeding human-level accuracy.”
The corporate’s instruments are designed to plug straight into AI platforms and brokers, giving them the power to retrieve, organise, and analyse on-line data at scale. This performance is more and more important as chatbots, digital assistants, and enterprise AI merchandise depend on dynamic net knowledge somewhat than static coaching units.
A comeback in Silicon Valley’s AI race
For Agrawal, Parallel is greater than a enterprise, it’s a comeback. His brief and turbulent tenure at Twitter ended abruptly in late 2022, when Musk dismissed prime executives after finishing the acquisition. With Parallel, he’s repositioning himself as a founder in one of many fastest-growing segments of the AI business.
Nonetheless, competitors looms giant. Parallel will face rivals providing retrieval APIs, in addition to AI mannequin builders constructing related capabilities in-house. But, with robust investor backing, early traction, and Agrawal’s technical fame, the startup has already drawn consideration as considered one of Silicon Valley’s most bold AI bets in 2025.
