Mr Agrawal, who was fired by billionaire Elon Musk after he took over Twitter (now known as X) in 2022, founded Parallel in 2023 and has since assembled a 25-member team in Palo Alto. The company has already secured $30 million in funding from marquee investors, including Khosla Ventures, First Round Capital, and Index Ventures.

Former Twitter CEO Parag Agrawal is back in the game with a new $30 million AI startup. The company's services are already handling millions of tasks daily and are even claiming to be outperforming GPT-5 in key benchmarks.