Former Twitter CEO Parag Agrawal initiates a new venture focused on artificial intelligence.

Former Twitter CEO Parag Agrawal has made a comeback with a new artificial intelligence (AI) startup focused on creating software for Large Language Models (LLMs). The startup has successfully secured $30 million in funding, with Khosla Ventures leading the investment.

Twitter, now rebranded as X, has undergone significant changes in recent years. In 2021, CEO Jack Dorsey stepped down, making way for CTO Parag Agrawal to take over. However, Agrawal's tenure was short-lived, as Elon Musk assumed control of the microblogging platform a year later, prompting a mass departure of employees. Amidst these transformations, Twitter underwent a complete rebranding to X.

The fate of ousted CEO Parag Agrawal remained unknown for a while. However, recent developments reveal that Agrawal has launched an AI startup that focuses on developing specialized software for developers working with LLMs. The startup has already secured $30 million in funding, led by Khosla Ventures.

During his time at Twitter, Agrawal played a key role in overseeing the Bluesky project, which aimed to establish an open and decentralized standard for a social network protocol, resulting in significant proposed changes. Since then, Agrawal has been dedicated to building an AI startup, as reported by The Information, citing insights from two individuals familiar with the matter.