Parallel is developing foundational web infrastructure designed specifically for AI agents. By enabling seamless access to structured web content through APIs, Parallel helps AI systems consume, interpret, and act on information more efficiently. Its platform bridges AI agents with the open web while preserving value for publishers through sustainable incentives. With deep support from leading venture firms and early traction among AI-first developers, Parallel is positioning itself as a critical infrastructure layer for the next era of autonomous AI interactions across the internet.
What Is Parallel and What Does It Do?
Parallel, founded in 2024, is a web infrastructure company based in the United States. The company develops systems and APIs enabling AI agents to access, navigate, and utilize the open web efficiently.
Parallel focuses on building an internet layer optimized for autonomous AI users rather than humans. Its systems allow AI agents to retrieve content, interact with data sources, and perform tasks without friction while incentivizing publishers to keep information publicly accessible.
Parallel employs between 51-200 employees. Its platform is designed to ensure an open, transparent, and competitive web as AI becomes the primary consumer of online content. Parallel continues to innovate through sustainable models that align publishers, developers, and AI platforms.
How Much Funding Has Parallel Raised?
1. Series A
- Amount Raised: $100M
- Lead Investors: Kleiner Perkins, Index Ventures
- Motivation: To build AI-native web infrastructure, expand APIs, enhance agent capabilities, and preserve incentives for open web publishers.
Total Funding Raised: $100M
Current Valuation: $740M (as of Series A)
Latest Funding Date: Series A, 2024
Key Investors
1. Kleiner Perkins
- Details: Major Silicon Valley venture capital firm backing category-defining technology companies.
- Investment Focus Areas: AI, software, deep tech.
- Notable Investments: Google, Amazon, Slack.
2. Index Ventures
- Details: Global venture firm investing in transformative technology startups.
- Investment Focus Areas: AI, fintech, SaaS.
- Notable Investments: Robinhood, Notion, Datadog.
3. Spark Capital
- Details: Venture firm backing early and growth-stage companies across software and consumer tech.
- Investment Focus Areas: Consumer apps, AI, marketplace tech.
- Notable Investments: Slack, Discord, Grammarly.
4. Khosla Ventures
- Details: VC firm known for deep technical investments and frontier technologies.
- Investment Focus Areas: AI, robotics, deep tech.
- Notable Investments: OpenAI, DoorDash, Stripe.
Where Is Parallel’s Headquarters?
Parallel is headquartered in the United States, offering strategic proximity to leading AI labs, infrastructure providers, and developer ecosystems.
What’s Next for Parallel?
Parallel plans to expand its AI-centric web infrastructure, deepen partnerships with major AI developers, and broaden support for more complex agentic tasks. The company aims to become the foundational layer through which AI systems interface with the internet. With strong Series A backing, Parallel will enhance data accessibility, scale APIs globally, and continue building an open, incentivized ecosystem that supports publishers and unlocks a new generation of AI-powered applications.
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