Parag Agrawal abruptly stepped down from his position as CEO and left the company to pursue something new. Three years later, Agrawal is back with a new venture that is unsurprisingly focused on AI. Called Parallel Web Systems, Agrawal’s new startup intends to build tools and infrastructure that enables AI systems to interact with the open web in real-time. Parallel’s suite of products include low-level search tools and deep research APIs that deploy AI agents to complete hours of human work on the web in minutes. The company claimed that its deep research APIs can outperform leading AI models, including OpenAI’s GPT-5, on benchmarks testing complex web search and research tasks.The startup has raised approximately $30 million in funding so far. It is backed by prominent Silicon Valley venture capitalists (VCs), including Khosla Ventures, Index Ventures, and First Round Capital, What is your take on AI race among superpowers ?
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