Parag Agrawal, who as soon as led Twitter earlier than it was rebranded as X, has launched his new firm referred to as Parallel Internet Techniques Inc.
His new venture is designed to offer synthetic intelligence (AI) brokers the power to look the web, collect information, and course of it with out direct human enter.
The corporate’s debut product, Deep Analysis API, is on the middle of this technique. In an August 15 LinkedIn publish, Agrawal defined that the software performs higher than folks and even among the strongest AI programs, equivalent to OpenAI’s GPT-5, on chosen analysis duties.
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He added that Parallel is already dealing with tens of millions of automated analysis jobs day-after-day. One publicly listed enterprise is utilizing the platform to streamline components of its operations, whereas builders are counting on it to scan documentation and debug code.
Funding for the startup has already been secured. In keeping with a report by Bloomberg, Parallel raised $30 million and at present employs round 25 folks.
After leaving Twitter in 2022, Agrawal started reviewing educational analysis, writing code, and rejecting a number of provides from firms that needed him to guide turnarounds.
Chatting with Bloomberg, he instructed that customers will quickly deploy dozens of those brokers to behave on their behalf on-line. He predicted that this shift might start as early as subsequent 12 months.
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