Following his departure from Twitter, Parag Agrawal has founded Parallel Web Systems, an AI startup. The company aims to offer AI systems for online research, functioning as a cloud platform. Parallel’s system features eight different research engines, each with varying speeds and depths. The fastest engine delivers results in under a minute, while the most advanced, Ultra8x, takes up to 30 minutes. In benchmarks, Ultra8x has reportedly performed better than OpenAI’s GPT-5. The startup, established in 2023, has raised $30 million from investors including First Round Capital, Khosla Ventures, and Index Ventures. Parallel technology processes millions of research tasks daily.
