Parspec provides an AI-native platform that automates quoting, product selection, and submittal preparation for wholesale distributors and sales agents in construction. The company uses multimodal AI models to extract requirements from design drawings and specification documents and then surfaces ranked compliant products from a catalog of over 6 million items. Parspec maintains an automated data pipeline that extracts and organizes product information from thousands of manufacturer websites daily to keep its catalog current. Customers report 50–100% improvements in labor productivity, and the company has delivered 4x revenue growth over the past 12 months while supporting hundreds of distributors and sales agents, including four of the five largest U.S. electrical distributors. Parspec plans to invest Series A capital primarily into product development to support the full order lifecycle, building Distributor Order Management and a Contractor Portal, with commercial launches expected by the end of 2025. The company is developing these products in close collaboration with existing customers such as Rexel, Border States, U.S. Electrical Services, and Crescent Electric Supply. Parspec is an AI-powered software platform that streamlines the selection and sale of construction products, focusing on procurement workflows for sales agencies and distributors. The platform uses cutting-edge NLP, computer vision, LLM-based document summarization, image-based and contextual searches, and a personalized recommender across a live database of over 2 million configurable product families. Parspec is initially focused on lighting and electrical products and is working with three of the top ten lighting agencies and four of the five largest U.S. electrical distributors, including Sonepar, Graybar, Rexel, and CED. The company says its technology reduces labor by more than 50% versus manual methods, cuts time to quote in half, and enables teams to bid 6–15% more jobs while improving win rates. Customers report increases to top-line revenue and profitability and describe the product as critical to their business. Parspec was founded in 2021 and is headquartered in San Mateo, California.

Total raised

$32M

Funding rounds

2

Latest round

Series A

Latest activity

Jul 2025