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Parallel builds proprietary web search and research APIs purpose-built for AI agents, providing machine-optimized access to the live open web for enterprise AI applications.
Raised $230M across disclosed rounds.[3][5][8][9]
Series B closed April 2026, led by Sequoia Capital.[3][6][9]
post-money valuation is not publicly disclosed.
Named investors include Sequoia Capital, Kleiner Perkins, Index Ventures, Khosla Ventures, First Round Capital, Spark Capital, Terrain Capital, Abstract Ventures.[2][3][5][9]
Parag Agrawal, Founder & CEO[3][5][1]
Travers Nisbet, Co-founder, Head of Product[3][5][1]
Parag Agrawal, Founder & CEO[1][2][9]
Travers Nisbet, Founding Team, Head of Product[1][2][9]
Utkarsh Srivastava, Head of Engineering[1][2][9]
Angela Gandhi, Head of Legal[1][2][9]
May 2026 · techcrunch.com
reported
May 2026 · techfundingnews.com
reported
Parallel builds proprietary web search and research APIs purpose-built for AI agents, providing machine-optimized access to the live open web for enterprise AI applications.
Nick Sallon, VP Content & Data Partnerships[1][2][9]
Mamoon Hamid, Board Director (Kleiner Perkins)[1][2][9]
Andrew Reed, Board Director (Sequoia Capital)[1][2][9]
Josh Kopelman, Board Member (First Round Capital)[1][2][9]
Vinod Khosla, Board Member (Khosla Ventures)[1][2][9]
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May 2026 · siliconangle.com
reported
May 2026 · ventureburn.com
reported
May 2026 · aichatdaily.com
reported
May 2026 · prnewswire.com
company