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Today: July 14, 2024
January 10, 2024
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AI Startup Led by Parag Agrawal Raises $30M, Backed by Khosla

TLDR: Parag Agrawal’s AI startup, focused on developing software for language models, has raised $30 million in funding led by Khosla Ventures. Agrawal, the former CEO of Twitter, was fired by Elon Musk following his acquisition of the social media giant. The funding round also saw participation from Index Ventures and First Round Capital.

An AI startup founded by Parag Agrawal, the former CEO of Twitter, has secured approximately $30 million in funding, with Khosla Ventures leading the investment. Agrawal’s startup is focused on developing software tailored for creators and users of large language models. The funding round also saw participation from Index Ventures and First Round Capital. Agrawal assumed the role of Twitter’s CEO in November 2021 but was removed by Elon Musk following his acquisition of the company.

Khosla Ventures, founded by Indian American billionaire Vinod Khosla, has actively invested in various technology startups since its establishment in 2004. The firm is known for its investments in cutting-edge technologies and commitment to innovation. Agrawal’s startup aims to advance language models, building off the success of OpenAI’s ChatGPT.

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