The web’s second user is coming online. Our customers are building at the frontier - shaping every corner of the economy. To build the infrastructure they need, we've raised a $100M Series B led by… | Parag Agrawal | 31 comments

LinkedIn
Parallel Web Systems has raised $100M in Series B funding at a $2.0B valuation to build AI agent infrastructure.

Summary

Parallel Web Systems has announced a successful $100M Series B funding round led by Sequoia Capital, bringing the company's valuation to $2.0B. This funding aims to develop the necessary infrastructure for the "web's second user," referring to the rise of AI agents shaping the economy.

All previous investors, including Index Ventures, Kleiner Perkins, Spark Capital, Khosla Ventures, First Round Capital, Terrain, and Abstract, have participated in the round. The announcement has generated significant excitement among industry peers and investors regarding the projected infrastructure demand for AI-driven automation.

(Source:LinkedIn)