Business Overview - Parallel is building a new web infrastructure designed for AI agents, recognizing that the current web is not optimized for their needs [2][3] - The company's primary customer is AI agents, aiming to provide them with the necessary tools and infrastructure to access and process information from the open web [3] - Parallel's technology aims to integrate with existing software and workflows, enhancing them with intelligence derived from open web data [8] Funding and Team - Parallel has raised approximately $30 million in funding to build this new web infrastructure [3] - The team consists of individuals who have built key components of the current web, including social networks and marketplaces [6] Technology and Applications - Parallel is developing a comprehensive infrastructure that includes crawling, indexing, ranking, and reasoning systems, specifically designed for AI [5] - The company is working with industries like insurance, where their APIs can improve underwriting processes by combining web data with internal information, leading to better performance and cost efficiency [9][10][11] Vision and Mission - Parallel's mission is to keep the web open and accessible for all AI models, preventing the creation of walled gardens and silos [15][16] - The company aims to transform the open world by reimagining the web infrastructure from the ground up [4]