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Crypto news, former Twitter CEO Parag Agrawal founded Parallel Web Systems completed $100 million Series B funding, led by Sequoia Capital, with a valuation of $2 billion. The company completed $100 million Series A funding last November, with its valuation nearly tripling within six months, totaling $230 million in funding. Typical applications include in-depth research tasks such as investment research and government contract retrieval. Sequoia partner Andrew Reed joined the board of directors, noting that Parallel's growth is related to the rapid development of long-cycle agents, with web search being its core capability. Gabe Pereyra, co-founder of AI legal company Harvey, stated that controlling which websites agents can access is crucial.