Parallel Web Systems: $100 Million Series B At $2 Billion Valuation Raised To Scale AI Agent Web Infrastructure
By Amit Chowdhry ● Apr 29, 2026
Parallel Web Systems, a Palo Alto-based web infrastructure company powering how AI agents access the open web, has raised a 100 million dollar Series B round at a 2 billion dollar valuation, led by Sequoia Capital. The round more than doubles Parallel's Series A valuation from five months ago and brings total capital raised to 230 million dollars. Existing investors Kleiner Perkins, Index Ventures, Khosla Ventures, First Round Capital, Spark Capital, Terrain Capital, and Abstract Ventures all increased their participation. Andrew Reed, Partner at Sequoia Capital, will join Parallel's board of directors.