Index Ventures co-leads $100M Series A in Parallel Web Systems with Parag Agrawal

This title was summarized by AI from the post below.

The internet as we know it was built for humans. Individually-rendered pages, visual interfaces, content designed to be read, not reasoned over—it’s a system made and optimized for human eyes, not intelligence itself. But as Parag Agrawal told us nearly two years ago, the web’s next user isn’t human. AI agents are beginning to browse, research, and synthesize information at a scale and speed no human ever could. And yet, the infrastructure of the web hasn’t evolved to meet them. Since our initial investment in Parallel Web Systems in early 2024, that insight has only grown more prescient. AI systems are quickly becoming the primary consumers of the web. That means they need infrastructure that reflects how machines think, reason, and learn. Parag and his team are re-architecting the web for this new era, building systems that allow AIs to retrieve, reason over, and act on information at machine speed and scale. Their platform already powers deep web research and structured enrichment for some of the world’s most sophisticated AI builders and leading Fortune 100 companies. We’re thrilled to partner once again with Parag and the Parallel team, co-leading their $100M Series A as they build the web’s next chapter. Read more from Shardul Shah on the Index blog 📝 (link in comments)

  • No alternative text description for this image

More details from Index Partner Shardul Shah on why we're excited to double down on Parallel: https://www.indexventures.com/perspectives/parallels-100m-series-a/

To view or add a comment, sign in

Explore content categories