From Twitter CEO to AI Empire: Parag Agrawal's Rs. 6,000 Crore Comeback
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News18•28-01-2026, 12:38
From Twitter CEO to AI Empire: Parag Agrawal's Rs. 6,000 Crore Comeback
- •Former Twitter CEO Parag Agrawal, fired by Elon Musk, has launched a successful AI startup, Parallel Web Systems.
- •Agrawal, an IIT Mumbai alumnus, was a software engineer at Twitter, rising to CTO and then CEO, succeeding Jack Dorsey.
- •Musk's acquisition of Twitter in 2022 led to Agrawal's abrupt dismissal amidst public disagreements over fake accounts.
- •Undeterred by the humiliation, Agrawal founded Parallel Web Systems, an AI company now valued at over Rs. 6,000 crore.
- •The startup, backed by investors like Khosla Ventures with Rs. 250 crore, focuses on developing advanced AI tools for developers.
Why It Matters: Parag Agrawal transformed his dismissal from Twitter into a Rs. 6,000 crore AI startup success story.
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