Parag Agrawal’s Startup Unveils Innovative Research Platform for AI Applications

Startup Launches AI-Powered Cloud Research Platform

Parallel Web Systems Inc., led by former Twitter CEO Parag Agrawal, has launched an innovative cloud platform designed for AI applications to streamline online research. Backed by Khosla Ventures and others, the two-year-old startup has successfully raised $30 million. The platform integrates public web data into AI response prompts, executing millions of research tasks daily for various fast-growing AI companies. With access to eight research engines, its Ultra8x engine outperforms GPT-5 by over 10% in benchmarks, making it highly efficient. Users can customize data formats, organize competitors’ product reviews, and access features through three APIs, including a low-latency chatbot API. Future enhancements aim to enable AI agents to execute work autonomously and adapt to web changes. Parallel’s research capabilities and promise of transformative AI efficiency position it as a leading provider in the evolving digital landscape.

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