Parag Agrawal’s AI startup Parallel Web Systems raises $100M Series B, hits $2B valuation. The firm builds autonomous AI agents for enterprise research.

Parallel Web Systems raises $100M Series B at $2B valuation, led by Sequoia, to scale AI infrastructure powering web access for agents.

The AI agent-tool startup founded by former Twitter CEO Parag Agrawal has raised $100 million, led by Sequoia, months after raising a previous $100 million.

The business of moving goods in the United States is dominated by trucks, which handle about two-thirds of the 20.2 billion tons of freight that’s transported annually. Parallel Systems founder and ...

Parallel Systems unveiled Tuesday another second-generation, battery-powered autonomous rail vehicle, which is slated for use in pilot projects both in the U.S. and abroad. Through this iteration of ...

Second generation Parallel Systems autonomous-electric rail vehicle. Vehicle is designed to carry cargo containers that might otherwise by transported by trucks or traditional freight trains. No ...