Ex-Twitter CEO Parag Agrawal raises $30 million for new AI startup

Former Twitter CEO Parag Agrawal has raised $30 million for his new artificial intelligence (AI) startup, according to a report by The Economic Times (ET). The Indian-origin entrepreneur was fired from the social media platform by Elon Musk after his takeover in late 2022.

The funding was led by Vinod Khosla’s Khosla Ventures, which was an early backer for Open AI, the company responsible for ChatGPT. Other venture firms included Index Ventures and First Round Capital.

Agrawal’s startup will reportedly be building software for large language model developers, similar to what is used by OpenAI’s chatbot.