Former Twitter CEO Parag Agrawal’s Parallel Web Systems has raised $100 million: WSJ

Parallel Web Systems, a California-headquartered startup founded by former Twitter CEO Parag Agrawal has raised $100 million in a Series B funding round, according to a report by the Wall Street Journal on Tuesday.

The round was led by Sequoia Capital. Existing investors, including Kleiner Perkins, Index Ventures and Khosla Ventures, also participated. With this round, the startup’s valuation has inched up to $2 billion, the report said.

The funding comes after the startup raised $100 million in a Series A round last November, valuing the company at $740 million, Reuters reported.