Elon Musk fired him as Twitter CEO, now IIT Bombay alumnus Parag Agrawal is building a $2 billion AI startup – The Times of India

Elon Musk fired him as Twitter CEO, now IIT Bombay alumnus Parag Agrawal is building a $2 billion AI startup - The Times of India


Cracking the Joint Entrance Examination (JEE) is the biggest milestone of their academic journey for many engineering students but, for Parag Agrawal, it was just the beginning.

His career has included cutting-edge research, leading one of the world’s biggest social media companies, and a sudden exit when Elon Musk took over Twitter. Now he is building one of Silicon Valley’s newest AI startups.

How Elon Musk removed Parag Agrawal as Twitter CEO

Agrawal became Twitter’s Chief Executive Officer in November 2021, making him one of the youngest CEOs in the global technology industry. Barely a year into the role, he faced one of the biggest challenges of his career when Elon Musk’s acquired Twitter.

One of the first major decisions after the takeover was replacing the company’s top leadership. Agrawal was among those removed. However, this move became the start of his new chapter.

Parag Agrawal: From Twitter engineer to CEO

  • In 2011, Parag joined Twitter as a distinguished software engineer, when the company had fewer than 1,000 employees
  • In 2017, he became the Chief Technology Officer (CTO) after a decade as one of the company’s most respected engineering leaders. In November 2021, he was appointed the CEO. After the Musk takeover, he was removed along with the rest of the top leadership

Parag Agrawal’s education: JEE AIR 77 to Stanford PhD

Agrawal secured All India Rank (AIR) 77 in JEE before joining the Computer Science and Engineering programme at IIT Bombay. After his B.Tech, he moved to the United States and completed a PhD in Computer Science at Stanford University.

During his doctoral years, he worked as a research intern at Microsoft, Yahoo and AT&T Labs, building expertise in large-scale computing systems and distributed technologies.

What is Parag Agrawal doing after Twitter exit?

Rather than rushing back to another executive role, Agrawal chose to build again. In 2023, he founded Parallel Web Systems, an AI startup developing infrastructure for AI applications and large-scale computing systems.

Within two years, the company drew significant investor interest. Based on publicly reported funding information, Parallel has been valued at approximately $2 billion, placing it among Silicon Valley’s fast-growing AI startups.

Its work centres on the infrastructure needed to power the next generation of AI systems, a field attracting enormous global investment.

Learnings from Parag Agrawal’s journey

  • Exams open doors, but continuous learning sustains a career. It took him to IIT Bombay and Stanford, and kept shaping what came after.
  • Research builds the foundation for leadership.
  • Technical depth can take you to the top, from software engineer to CEO.
  • Setbacks can be starting points. When one of the world’s most visible executive positions ended abruptly, he went back to building technology.

Careers are rarely a straight line. What often separates people is not the absence of failure but the willingness to begin again. For Agrawal, being Twitter’s CEO was one milestone. Building an AI company after Musk removed him may become another.



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