Today: Jul 20, 2024

“Ex-Twitter CEO Parag Agrawal crafts $30 million for AI venture!”

6 months ago

TLDR:

  • Former Twitter CEO Parag Agrawal has raised $30 million for his AI startup.
  • The funding was led by Khosla Ventures, with participation from Index Ventures and First Round Capital.

Former Twitter CEO Parag Agrawal has reportedly raised $30 million in funding for his AI startup. The funding was led by Khosla Ventures, a leading backer of OpenAI, and included participation from Index Ventures and First Round Capital. Agrawal’s startup is focused on building software for developers of large language models, similar to OpenAI’s ChatGPT. This comes after Agrawal was fired by Twitter owner Elon Musk in late 2022, along with other executives, and won $1.1 million in legal fees from Musk’s company. Agrawal was set to receive a large payout of around $40 million due to his shares vesting upon his firing.