Parag Agrawal's new venture, Parallel Web Systems, valued at **$2 billion (~₹19,020 crore)**, is building "agentic infrastructure" that allows autonomous AI agents to navigate websites, extract structured data, and execute multi-step workflows in real time, focusing on the execution layer rather than intelligence or interface. Over **100,000 developers** are building on the platform, with enterprise integrations including insurance underwriting, legal research, and sales intelligence, highlighted by a partnership with Genpact. The **April 2026 Series B round—$100 million** led by Sequoia Capital, with participation from Khosla Ventures, Kleiner Perkins, and Index Ventures, brought total capital to **$230 million**, and the valuation jumped from **$740 million in late 2025 to $2 billion in 2026**.