Parspec
Parspec is an AI-native platform for the construction materials supply chain, serving MEP (mechanical, electrical, plumbing) distributors and manufacturer rep agencies. It unifies product selection, quoting, submittals, and project management.
Best for: MEP distributors and rep agencies that need to quote jobs and produce submittals faster by matching project specs to compliant products
Last reviewed 6/2/26
- Integrations
- Prophet 21, SAP, Eclipse
- Property types
- commercial, construction
- Geography served
- United States
How Parspec uses AI[1][2]
Parspec uses multimodal AI models to extract product requirements from design drawings and specification documents, then surfaces a ranked set of compliant products from a catalog of over 6 million items. An automated data pipeline pulls and organizes product information from thousands of manufacturer websites daily, and the platform auto-generates quotes, submittals, and O&M packages.
- • Multimodal models read design drawings and spec documents to identify matching, compliant products
- • Automated daily pipeline extracts and structures product data from thousands of manufacturer sites
- • Generates quotes, submittals, and O&M document packages from a 6M+ product catalog
AI type: Multimodal document and spec extraction with product matching and ranking
Key numbers[2][1]
- • $20M Series A in 2025, bringing total funding to $31M
- • 4x annual revenue growth over the prior 12 months
- • Catalog of over 6 million products sourced from thousands of manufacturers
- • Customers report 50-100% improvement in labor productivity
Credibility[2]
- Founders
- Co-founded by Forest Flager (CEO) and Pratyush Havelia (CTO)
- Customers
- Used by leading U.S. electrical distributors including Graybar, Rexel, Crescent Electric Supply, Border States, and U.S. Electrical Services; serves four of the five largest U.S. electrical distributors
- Investors
- Threshold Ventures (Series A lead), Innovation Endeavors, Building Ventures, Heartland Ventures, Hometeam Ventures
Founded
2021
Headquarters
San Mateo, California, USA
Stage
Series A
Employees
51-200
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