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Parallel Web Systems Raises $100 Million for Agentic AI Efforts

  • PYMNTS--pymnts.com
  • published date: 2026-04-29 18:52:24 UTC

Parallel Web Systems, an AI startup launched by Twitter’s ex-CEO, has raised $100 million. The company said its Series A round, announced Wednesday (April 29), values Parallel at $740 million and will allow it to focus on building products designed around the…

The company said its Series A round, announced Wednesday (April 29), values Parallel at $740 million and will allow it to focus on building products designed around the notion of artificial intellige… [+2345 chars]