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COLD START / catalog / c/parallelretrieved 2026-05-13T04:32 UTC · 9 sources read

Parallel Web Systems

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.

parallel.ai · Palo Alto

CALL NO.CS·PARALLEL·26
StageSeries BApril 2026 · led by Sequoia Capital[3][6][9]
Raised$230Mdisclosed rounds[3][5][8][9]
Headcount52as of Apr 2026[1]
Valuationnot publicly disclosedno source in ledger
Founded2023[5]
Money

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]

People

Parag Agrawal, Founder & CEO[3][5][1][2][9]

Travers Nisbet, Co-founder, Head of Product[3][5][1]

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]

Dani McCabe, Head of GTM Enablement[1][2][9]

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]

Signals

No recent signal with a usable source.

Comps

No comparable company is named by any source in this ledger.

The section stays empty until one is.

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Parallel Web Systems

CALL NO.CS·PARALLEL·26

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.

parallel.ai · Palo Alto

StageSeries B
Raised$230M
Headcount52
Valuationnot publicly disclosed
Founded2023
Compsnone named by a source