Parallel Web System: Elon Musk Rejected It, Now Parag Agrawal Has Started A Big AI Game!

Tech News: Former Twitter CEO (now X) Parag Agrawal is once again in the news. Parag Agrawal was suddenly fired on the very day Elon Musk took charge of Twitter, and now, almost three years later, he is back in the headlines. This is the age of AI, so how could Parag Agrawal stay behind Elon Musk in the matter of AI? He is now leading his own artificial intelligence company. He has launched his new startup, Parallel Web System, which is a cloud platform designed for AI systems to help with online search.

It Turned Out To Be Better Than ChatGPT

According to a blog post, the system offers eight different search engines with varying speed and depth. The fastest search engine can respond in less than a minute, while the most advanced engine, Ultra8x, can take up to 30 minutes to find detailed information. Parallels claims that Ultra8x performed more than 10 percent better than OpenAI’s GPT-5 on benchmarks like BrowseComp and DeepResearchBench.

These Big Companies Invested in the Startup

This startup was founded in 2023 and is building a team of 25 people. Several big companies have invested in this startup, including First Round Capital, Khosla Ventures, and Index Ventures. This two-year-old startup has raised $30 million (around ₹262 crore) from these major investors. According to the official blog post shared by the company, Parallel Technology is completing millions of search tasks every day.

In Simple Words

Parag Agrawal’s new AI platform allows AI applications to access real-time public web data and integrate this data directly into their systems. Think of it as giving AI access to a browser that not only retrieves accurate information but also verifies, organizes, and evaluates its confidence in the response