Parag Agrawal, the former CEO of Twitter, has made a remarkable comeback. His new artificial intelligence startup, Parallel Web Systems, recently reached a valuation of $2 billion, which is approximately Rs. 19,020 crore in Indian currency.
The milestone was followed by a successful Series B in which the company raised $100 million. The investment was led by Sequoia Capital, with help from other big names such as Khosla Ventures and Index Ventures.