Parallel Web Systems hits $2B valuation five months after its last big raise

Parallel Web Systems, the AI agent-tool startup founded by former Twitter CEO Parag Agrawal, has raised a $100 million Series B at a $2 billion valuation led by Sequoia. Existing investors Kleiner Perkins, Index Ventures, Khosla Ventures, First Round Capital, Spark Capital, and Terrain Capital also participated, the company said.

This raise comes just five months after the startup announced its $100 million Series A at a $740 million valuation led by Kleiner and Index, and brings the total capital it raised to $230 million.