PANews April 29 news, according to The Wall Street Journal, former Twitter CEO Parag Agrawal's AI infrastructure company Parallel Web Systems has completed a $100 million Series B financing, with a post-money valuation of $2 billion. This round was led by Sequoia Capital, with existing investors such as Kleiner Perkins, Index Ventures, and Khosla Ventures participating. Parallel provides efficient web search and access control infrastructure for "long-cycle" AI agents, having raised a total of $230 million, with approximately 50 employees, serving over 100,000 developers and enterprise clients. The current focus is on expanding the sales, marketing, and R&D teams, continuously positioning for enterprise-level "AI agent networking" scenarios.

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