Search results for Parallel Web Systems
AI & Enterprise
AI search startups keep coming despite Google and ChatGPT
As Google announces a sweeping overhaul of its search with AI, startups aiming at the same market are continuing to raise large sums, TechCrunch reported, citing Bloomberg. Andreessen Horowitz-backed Exa Labs raised $250 million at a $2.5 billion valuation. Tavily, TinyFish and Parallel Web Systems are also entering the space. Parallel, led by former Twitter CEO Parag Agrawal, raised $100 million at $2 billion.
AI & Enterprise
Big Tech AI alliances reshuffle as agent payments evolve
OpenAI has revised its partnership agreement with Microsoft, allowing it to offer its models on cloud services beyond Microsoft Azure, with Amazon Web Services moving to provide OpenAI models through its Bedrock platform. Some AWS customers are reported to be unenthusiastic, saying existing Bedrock models are sufficient. Competition is also intensifying over technologies for AI agent payments, including OKX’s Agent Payments Protocol and Stripe’s Link wallet. The article rounds up related moves by global and Korean firms.
AI & Enterprise
Parallel Web Systems raises Series B at $2 billion valuation for AI agent web search
Parallel Web Systems, an AI agent tools startup founded by former Twitter CEO Parag Agrawal, has raised $100 million in a Sequoia-led Series B round, TechCrunch reported on April 29. The company was valued at $2 billion in the deal. Existing investors including Kleiner Perkins, Index Ventures, Khosla Ventures, First Round Capital, Spark Capital and Terrain Capital also joined the round.