Parallel Web Systems hits $2B valuation five months after its last big raise

Parallel Web Systems raised a $100 million Series B led by Sequoia at a $2 billion valuation.

The round came just five months after its $100 million Series A, bringing total funding to $230 million.

The fast valuation jump underscores strong investor appetite for AI infrastructure and agent-tool startups.

Parag Agrawal’s startup is gaining rapid momentum with support from several existing backers.