AI startup Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has raised $100 million to build web search infrastructure for artificial intelligence agents and fund deals with online content owners, Agrawal said in an interview. The Series A round, which values the company at $740 million, was co-led by venture firms Kleiner Perkins and Index Ventures, with participation from other existing backers including Khosla Ventures. Parallel aims to address what it sees as a fundamental

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