India, Aug. 18 -- Former Twitter chief executive Parag Agrawal, who was dismissed by Elon Musk following his $44 billion takeover of the platform in 2022, has re-emerged with a bold new venture. The Indian-origin technologist has launched Parallel Web Systems Inc., a Palo Alto-based startup building infrastructure tools for artificial intelligence companies.

Founded in 2023, Parallel has already raised $30 million (around Rs.260 crore) from prominent investors, including Khosla Ventures, First Round Capital, and Index Ventures, according to Bloomberg and TechCrunch. The startup's mission is to help AI systems conduct large-scale research across the web, a core challenge as demand for real-time, high-quality data accelerates.Mobile finder...