Parag Agrawal’s Parallel Web Systems raises 100 million and hits a 2 billion valuation

Published on 29 April 2026

Sequoia led the round that doubled its valuation

Parallel Web Systems, co-founded by former Twitter CEO Parag Agrawal, has reportedly raised $100 million in a Series B round led by Sequoia Capital. The funding lifts the company’s valuation to about $2 billion, marking a major milestone as the startup expands its push on next-generation web infrastructure.

Parallel Web Systems raised $100 million in Series B
Sequoia Capital led the funding round
Valuation reportedly jumps to around $2 billion
Founded by Parag Agrawal, former Twitter CEO

#startup funding #series b #sequoia capital #parag agrawal #valuation

Read the full story at The Economic Times

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Parag Agrawal’s Parallel Web Systems raises 100 million and hits a 2 billion valuation

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