Parallel Tripled Its Price in 150 Days. Here's What Sequoia Actually Bought.

A $100M Series B, a $2B valuation, and the second-order bet hiding underneath it.

Five months ago, Parallel Web Systems was worth $740 million. Last week it was worth $2 billion. Same founder, same product, roughly the same short revenue history. The business didn’t triple. The bet did

Here’s the news. Parallel, the AI-agent infrastructure company founded by former Twitter CEO Parag Agrawal, closed a $100 million Series B led by Sequo…