Parspec
Latest round
- Series A
Last raised
- Jul 2025
Total raised
- $32M
Investors
- 7
About Parspec
Based in California, US, and founded in 2020 by Chief Executive Officer Forest Flager and Chief Technology Officer Pratyush Havelia, Parspec, Inc. operates as a logistic based company providing artificial intelligence-based software platform for managing the procurement process for construction materials. In July 2025, Parspec, Inc. Parspec, Inc. developed an AI-powered platform designed to empower electrical product experts. The company offers database and AI-powered workflows, offering three cloud-based tools – product finder, quoting, and submittals + O&M's. The product finder allows users to quickly identify spec-compliant alternates, leveraging AI to understand customer preferences. The quoting tool introduces a smarter way to bid, enabling teams to bid more efficiently and win more projects. Submittals + O&M's automate the creation of professional submittals and operation manuals, significantly reducing time and costs. The company generates revenue based on subscription model and USD 149 monthly for silver package. The firm charges USD 349 monthly gold package and USD 559 monthly for platinum package. It charges USD 1,084 monthly for diamond.
Who invested in Parspec
7 investors across 2 rounds
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Questions about Parspec
Who invested in Parspec?
Parspec has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Parspec raised?
Parspec has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Parspec last raise money?
Parspec's most recent round on record is a Series A, in Jul 2025.
What does Parspec do?
Based in California, US, and founded in 2020 by Chief Executive Officer Forest Flager and Chief Technology Officer Pratyush Havelia, Parspec, Inc.
Where is Parspec headquartered?
Parspec is headquartered in San Francisco, US.
Which VCs invest in companies like Parspec?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Parspec's stage. Their profiles are linked below.
VCs backing software startups at Series A
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