Former Twitter CEO Agrawal emerges with AI startup

Parag Agrawal, the former Twitter CEO ousted by Elon Musk, has launched an AI startup aimed at driving the next wave of AI agent research.

Parag Agrawal, the former CEO of Twitter, now called X, has returned to the tech industry with a startup, Parallel Web Systems Inc., focused on helping artificial intelligence agents autonomously collect and analyze information from the web.

Agrawal said in a LinkedIn post on Friday that his startup’s first major product, called Deep Research API, outperforms humans and leading AI models, including OpenAI’s GPT-5, on some research benchmarks.

“We already power millions of research tasks every day,” Agrawal said, adding that a public firm is already automating human workflows with Parallel and coding agents are using its tools to find documents and debug issues. Agrawal has raised $30 million in funding for Parallel and leads a 25-person team, Bloomberg reported on Thursday.