Deep Research API Powers AI Agents at Parallel Web Systems
Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has unveiled Deep Research API, an AI agents platform that automates Web3 research tasks and on-chain analytics. Backed by $30m in seed funding and a 25-member team, the API processes millions of queries daily and outperforms GPT-5 on benchmark tests. Early clients use the tool to streamline corporate workflows, debug code, and power crypto research and Web3 automation. Agrawal predicts AI agents will soon outnumber human internet users, driving a new era of machine-driven dApp innovation. Traders may benefit from faster crypto research insights and more efficient on-chain data tools as the startup scales.
Neutral
The announcement details a new AI research platform rather than a specific cryptocurrency. While the Deep Research API and AI agents could enhance crypto research and dApp development, there is no direct impact on any individual coin’s price. Therefore, the immediate market reaction is expected to be neutral. Over the long term, improved research tools may support broader blockchain ecosystem growth, but this does not translate into an immediate bullish or bearish price movement for any specific token.