# Parspec

> Parspec is an AI-native software platform that automates product selection, quoting, and submittal preparation for distributors and sales agents in the construction supply chain. Founded in 2021 by Stanford researchers Forest Flager and Pratyush Havelia, the company indexes millions of manufacturer product documents and turns hours of manual paperwork into minutes. It has raised $31.5M to date and counts four of the five largest U.S. electrical distributors among its customers.

- **Founded:** 2021
- **Headquarters:** San Mateo, California, United States
- **Founders:** Forest Flager (CEO & Co-founder), Pratyush Havelia (CTO & Co-founder)
- **Team size:** ~95 employees
- **Products:** Parspec Submittals, Parspec Quoting, Parspec Sales Management, Product Selection Engine
- **Notable:** Raised $31.5M total across Seed and Series A, Adopted by 4 of the 5 largest U.S. electrical distributors, Indexes documents from approximately 4,000 manufacturer websites

## Products & services

- **Parspec Submittals** — Automated generation of compliant submittal packages from project specs in minutes.
- **Parspec Quoting** — AI-assisted quoting tool that pulls live product data and pricing for fast, accurate bids.
- **Parspec Sales Management** — Project portals and pipeline tools for tracking opportunities across distributors and sales agents.
- **Product Selection Engine** — AI-powered search across millions of indexed manufacturer documents to find spec-compliant products and alternates.

## Achievements

- Raised $31.5M total across Seed and Series A
- Adopted by 4 of the 5 largest U.S. electrical distributors
- Indexes documents from approximately 4,000 manufacturer websites
- Customers report 50-80% faster submittal turnaround
- 4x revenue growth in 12 months leading into Series A

## Latest updates

- **2025-07** — Closed $20M Series A led by Threshold Ventures.
- **2025-07** — Launched Project Portals and expanded partnerships with major distributors.
- **2024** — Introduced Parspec Sales Management for project pipeline visibility.

## Links

- Website: https://parspec.io
- LinkedIn: https://www.linkedin.com/company/parspec
- Twitter/X: https://twitter.com/hello_parspec
- Facebook: https://www.facebook.com/parspec/

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Profile page: https://yespress.io/parspec
Published by YesPress — https://yespress.io
Last updated: 2026-05-19