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Parallel Web Systems

Software Development Applications · San Francisco, CA · Founded 2023 · Privately Held (backing)

Developer of a web API designed to power accurate and verifiable research for AI agents. Parallel Web Systems is based in San Francisco, CA and was founded in 2023. It was valued at $740 million at its early-stage round in Nov 2025, the last priced event on record. It has raised $130 million across 1 recorded round; the latest was a $100 million Series A in Nov 2025.

PMV mark · valuation
$740.0M
Oct 2026
Priced at
its early-stage round
Nov 2025
Total raised
$130.0M
Last round
Early Stage VC (Series A)
Nov 2025

Parallel Web Systems key facts

as of Oct 2026
  • Developer of a web API designed to power accurate and verifiable research for AI agents.
  • Parallel Web Systems is valued at approximately $740.0M as of Oct 2026, set at its early-stage round, Nov 2025; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $130.0M across 1 recorded rounds; the latest was Early Stage VC (Series A) ($100.0M) in Nov 2025.
  • Notable investors include Khosla Ventures, Spark Capital, Index Ventures, Abstract Ventures, Kleiner Perkins — 7 tracked in total.
  • Status: Privately Held (backing).
PrivateMarketView mark
MEDIUM confidence
$740.0M

Valued at $740.0M at its early-stage round, Nov 2025. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Parallel Web Systems funding rounds

1 rounds
Nov 2025Early Stage VC (Series A)$100.0M▮
Full funding history →

Parallel Web Systems valuation

Parallel Web Systems was valued at $740 million at its early-stage round in Nov 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Parallel Web Systems raised?

Parallel Web Systems has raised $130 million in total; 1 of its rounds is on record. The largest on record was a $100 million Series A in Nov 2025.

Parallel Web Systems investors

7 investors are on record for Parallel Web Systems, including Khosla Ventures, Spark Capital, Index Ventures and Abstract Ventures. The Series A in Nov 2025 drew 5 investors.

Comparable companies

Comparable software development applications names by valuation on PrivateMarketView: LiveKit ($1 billion), Braintrust (Software Development Applications) ($800 million) and Port.io ($800 million).

About Parallel Web Systems

Developer of a web API designed to power accurate and verifiable research for AI agents. The company offers cross-referenced factual outputs, flexible compute pricing and structured data extraction, enabling AI developers and enterprises to run deep, multi-hop research workflows with minimal hallucination.

Industry
Software Development Applications
Sector
Information Technology
HQ
San Francisco, CA, United States
Founded
2023
Employees
38
Ownership
Privately Held (backing)

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