Parspec

Stanford, California, USA · ≈90 employees · parspec.io

Parspec is an AI-native software platform founded in 2021, focused on enhancing the construction materials supply chain. The company aims to simplify the discovery and sourcing of construction products by digitizing product data, which streamlines product selection, quoting, and submittal creation for wholesale distributors and sales agents. The platform offers features such as instant submittal creation, comprehensive product selection, AI-powered quoting, and project management tools. It primarily serves the Mechanical, Electrical, and Plumbing (MEP) sectors, with an initial emphasis on lighting and electrical products. Headquartered in San Mateo, California, with an office in Bangalore, India, Parspec has raised approximately $31.5 million in funding, including a $20 million Series A round led by Threshold Ventures. The company is committed to connecting a fragmented ecosystem in the $15 trillion global construction industry, helping stakeholders work more efficiently.

Information Technology & Services

Also: software development · cloud-based tools · multi-user collaboration · submittal automation · document automation · project bidding · ai-powered platform · cost reduction · product recommendation engine · pricing history · product alternates matching · distributor tools

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Parspec

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