Former Twitter CEO Parag Agrawal emerges with AI startup

Parag Agrawal, the former Twitter CEO ousted by Elon Musk, has launched a new AI startup aimed at driving the next wave of AI agent research.

Parag Agrawal, the former CEO of Twitter, now called X, has returned to the tech industry with a startup focused on helping artificial intelligence agents autonomously collect and analyze information from the web. 

Agrawal said in a LinkedIn post on Friday that his startup Parallel Web Systems Inc.’s first major product called Deep Research API outperforms humans and leading AI models — including OpenAI’s GPT-5 — on some research benchmarks.

“We already power millions of research tasks every day,” Agrawal said, adding that a public firm is already automating human workflows with Parallel and coding agents are using its tools to find documents and debug issues. Agrawal has raised $30 million in funding for Parallel and leads a 25-person team, Bloomberg reported on Thursday. 

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