Former Twitter CEO’s AI Startup Raises $30 Million in Khosla-Led Deal

Parag Agrawal, who was CEO of Twitter for a year before Elon Musk took over the social media app in late 2022, recently raised about $30 million in funding for an artificial intelligence startup, according to two people familiar with the deal. Khosla Ventures, an early backer of OpenAI, led the funding in Agrawal’s company, which hasn’t been publicly disclosed.

Agrawal’s startup is building software for developers of large language models, which were popularized by OpenAI’s ChatGPT, and customers of those LLMs, but the specifics of the product and the startup’s name couldn’t be learned. Two other well-known venture firms, Index Ventures and First Round Capital, also participated in the deal, one of these people said.