Parallel has raised $100 million in a Series B round led by Sequoia Capital, doubling its valuation to $2 billion in five months. Kleiner Perkins, Index Ventures and Khosla Ventures participated, bringing total funding to $230 million. The company provides web search and research APIs designed for AI agents, supporting over 100,000 developers. Its infrastructure powers Harvey's legal reasoning across 60 jurisdictions and has helped major US insurers halve claims processing times. Clients including Opendoor and Notion use the platform to automate research and knowledge work. The funding will accelerate index growth and expand enterprise infrastructure as autonomous systems increasingly drive online traffic. Parallel is positioning itself as a mediator between AI systems and content creators, focusing on data ownership as agents become the web's primary users.

Parallel, a Paris-based startup developing AI agents for hospital administration, has raised $20 million in a Series A round led by Index Ventures. Frst, Y Combinator, Hexa and several angel investors also participated. The funding follows a $3.5 million seed round raised less than a year ago. The company's AI agents operate directly within existing hospital software, functioning as a layer that learns to use systems similarly to humans without requiring deep integrations. This enables deployment within weeks rather than months. Parallel initially focuses on medical coding, which translates clinical data into standardised codes for reimbursement. The company plans to expand into additional administrative functions including billing and admissions. The funding will support international expansion, product development and team growth.