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Parag Agrawal fired by Elon Musk now runs a massive new AI startup worth thousands of crores
Business
Published on 1 May 2026
His post Twitter AI play just raised $100 million
Parag Agrawal, an Indian-American who was ousted as Twitter CEO by Elon Musk in late 2022, is now leading a new AI startup, Parallel Web Systems. The company has reportedly raised $100 million, valuing it at around Rs 19,020 crore. Agrawal previously served as Twitter’s CTO before taking over as CEO in 2021 after Jack Dorsey left.
- Parag Agrawal’s new AI firm Parallel Web Systems raised $100 million
- The startup is valued around Rs 19,020 crore
- He previously led Twitter as CEO after serving as CTO
- Elon Musk ousted him from the top role in late 2022
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times