Parallel Web Systems Secures $100M in Series A Funding Led by Kleiner Perkins
Parallel Web Systems, founded by Parag Agrawal, has raised $100 million in Series A funding, increasing its valuation to $740 million. The investment enhances Parallel's total funding to $230 million, indicating a strong interest in AI data infrastructure.
Theia Market Signal Identification - AI Assisted
Parallel Web Systems has completed a Series A funding round of $100 million, led by Kleiner Perkins and Index Ventures, with additional contributions from Spark Capital and existing investors. This funding elevates the company’s valuation to $740 million and brings total capital raised to $230 million.
The startup, founded two years ago, focuses on developing AI tools that leverage live internet data for automation tasks, serving clients that include Genpact and several Fortune 100 companies. The increasing investor interest in AI data infrastructure highlights the competitive landscape as businesses seek to deploy autonomous AI agents across various sectors.
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