After being let go by Elon Musk earlier, Parag Agrawal, the ex-CEO of Twitter (now X), has stepped back into the spotlight with a fresh venture in artificial intelligence. Through his new venture, Parallel Web Systems Inc., Agrawal is seeking to redefine how AI conducts large-scale online research.
How Parag Agrawal found a new place after Elon Musk firing
After his high-profile exit from Twitter (now X) following Elon Musk’s 2022 takeover, ex-CEO Parag Agrawal has returned with a bold new venture in the field of artificial intelligence.
In 2023, Agrawal established Parallel Web Systems Inc.. It is a Palo Alto–based enterprise that develops cloud platforms capable of conducting large-scale online research for AI applications. Since its launch, the company has expanded to a 25-member team. It also secured $30 million in funding from leading investors such as Khosla Ventures, First Round Capital, and Index Ventures.
Agrawal recently introduced the company’s core product, the Deep Research API. According to him, it is the first technology to surpass both human researchers and advanced AI models. Agrawal wrote on LinkedIn, “And today, we launched our Deep Research API – it’s the first to outperform both humans and all leading models, including GPT-5 on two of the hardest benchmarks.”
Parag Agrawal further highlighted that Parallel already supports “millions of research tasks every day.” Moreover, it serves both startups and major public enterprises. The former CEO wrote, “Some of the fastest growing AI companies use Parallel to bring web intelligence directly into their platform and agents.”
Agrawal explained that organizations are using Parallel to automate traditionally human workflows with “exceeding human-level accuracy.” Additionally, coding agents use the system to retrieve technical documentation and solve debugging issues.
This entrepreneurial venture continues Parag Agrawal’s career in the technology sector. Beginning as a Researcher at Microsoft in 2006, he changed several jobs over the years. Joining Twitter in 2011 as a Distinguished Software Engineer, Agrawal was promoted to Chief Technology Officer in 2017. He assumed the role of CEO in November 2021, before getting dismissed by Musk in 2022.
Originally reported by Disheeta Maheshwari on Mandatory.
