Parag Agrawal's AI startup Parallel hit a $2 billion valuation, emerging as a data orchestration and governance play adjacent to the hyperscaler build-out.

Parag Agrawal's AI startup Parallel hit a $2 billion valuation, emerging as a data orchestration and governance play adjacent to the hyperscaler build-out.

Underscores investor appetite for 'AI plumbing' startups; Parallel's valuation suggests consolidation plays in data ops will command significant multiples.