# Former Twitter CEO Parag Agrawal launches Parallel, raises USD 30 million, claims platform outperforms OpenAI’s GPT - 5

On 2025/8/16, The Economic Times of India reported that AI agent company Parallel, founded by former Twitter CEO Parag Agrawal, had raised USD 30 million in seed funding. It focuses on building infrastructure for AI agents and claims its platform outperforms OpenAI’s GPT-5.



Canonical: https://uniquebase.ai/news/cfa74b34-4243-4094-96ce-bd923a7be945
Stable identifier: cfa74b34-4243-4094-96ce-bd923a7be945
Snapshot captured: 2026-10-15T14:23:27.067Z
English updated: 2026-10-16T00:06:18.373Z

## Connected profiles

- [Parallel](/companies/parallel)

## Sources

- https://economictimes.indiatimes.com/news/new-updates/ex-twitter-chief-parag-agrawal-launches-new-30m-startup-parallel-betting-on-ai-smarter-than-chatgpt-5/articleshow/123334529.cms