Parag Agrawal Launches Index for Creator Compensation

Parallel Web Systems, the startup founded by former Twitter chief executive Parag Agrawal, launched Index on 19 May 2026. Index is a platform for content creators and publishers to receive compensation when artificial intelligence systems use their work.

Index Platform

Index uses a game theory method called the Shapley value to calculate the contribution of each creator to AI output. The platform allows site owners to register their domains and track how Parallel’s AI agents use their content.

Creator Compensation and Partnerships

Index has partnered with publishers and data firms including The Atlantic, Fortune, PR Newswire, PitchBook, and ZoomInfo. Independent creators can also register interest on the platform to seek compensation and access usage insights.

Funding and Corporate Background

Parallel Web Systems closed a Series B funding round of 100 million in late April 2026. Sequoia Capital led the round, and the company was valued at about 2 billion.

Important Facts for Exams

• The Shapley value is a concept from cooperative game theory used to divide gains or costs among participants.
• Parallel Web Systems is the company behind Index and was founded by Parag Agrawal after his tenure at Twitter.
• Series B funding is a later-stage venture capital round used by startups for expansion and product development.
• PR Newswire, PitchBook, and ZoomInfo are business information and media-related platforms used by companies and researchers.