Parspec
Parspec sells AI software for construction materials procurement, used by over 300 distributors and rep agencies. The 111-person company raised $32M in a Series A round in July 2025. Parspec provides an AI platform that helps construction distributors and rep agencies discover products, manage quotes, and streamline project bidding. Its tools aim to replace manual processes like spreadsheets and PDFs that cause delays and errors in the $15 trillion construction industry. The company has grown to 111 employees since its 2021 founding, with engineering making up its largest function at 40 people. It raised $32M in a Series A round led by Building Ventures and other investors in July 2025, signaling rapid scaling in its early years.
The growth story
Parspec grew from 8 to 111 employees between 2021 and 2026, raising $32M along the way, most recently a Series A in July 2025.
About
Parspec is building the AI and digital infrastructure for the construction materials supply chain.Construction is a $15 trillion industry, yet the systems that underpin the buying and selling of materials remain fragmented, manual, and disconnected. Distributors and rep agencies rely on spreadsheets, PDFs, phone calls, and siloed tools to find new products and quote and manage projects — creating delays, errors, and margin erosion across the supply chain.Parspec is an AI-native platform that powers how construction products are discovered, bought, and sold. Trusted by more than 300 MEP distributors and rep agencies, Parspec helps project-driven businesses bid faster, win more work, and opera
Founders and leadership
Engineering is Parspec's largest function with 40 people, nearly 40% of its 111-person workforce. The company has a median tenure of 1 year, suggesting a young, fast-growing organization.
The Parspec org chart
Forest Flager (CEO and Founder) leads 35 mapped leaders with 10 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 52 (+18% YoY), Product Management 12 (+33% YoY), Sales 9 (+13% YoY), Information Technology 5 (+67% YoY), Operations 4 (+100% YoY), Marketing 4 (+100% YoY).
Talent flow
Parspec draws talent from Stanford University (5 hires) and companies like Algoscale (5) and KATERRA (4). Alumni have gone on to roles at Amazon, Obvious Ventures, and startups like FDIE and TorqueX.AI.
Most common previous employers of Parspec staff: Stanford University (5), Algoscale (5), KATERRA (4), Pibit.AI (3), University at Buffalo (3), Salesforce (3). Former Parspec employees most often moved to B2Burrows (1), UsefulBI (1), Amazon (1), Obvious Ventures (1), Sun King (1), FDIE (Firmware Delta Intelligence Engine) (1).
Alumni worth knowing
Web traffic
Traffic mix: 92% direct, 5% search, 0% social, 2% paid.
What this company is made of
Most common skills at Parspec: Python (Programming Language) (56), C++ (41), Leadership (35), Java (31), MySQL (31), SQL (31), Microsoft Office (30), Microsoft Excel (30).
Where the team actually sits
Parspec people are concentrated in Karnataka, India (38), California, United States (18), San Francisco Bay Area (12), Delhi, India (3).
Search footprint
Parspec attracts about 42 organic search visits a month, traffic worth roughly $0K a month if bought through ads. It gained 11 ranking keywords and lost 11 in the last period.
What employees say
- Compensation
- 4.30 / 5
- Career opportunities
- 4.20 / 5
- Senior management
- 4.30 / 5
- Work-life balance
- 3.80 / 5
Frequently asked
Parspec has 111 employees as of September 2026.
Parspec has raised $32M in total, most recently a Series A round in July 2025.
Parspec was founded in 2021 by Forest Flager, Pratyush Havelia.
Forest Flager (CEO and Founder) sits at the top of Parspec's reporting structure, with 10 direct reports.
The most common previous employers of current Parspec staff are Stanford University (5 people), Algoscale (5 people), KATERRA (4 people).
Former Parspec employees most often move to B2Burrows (1), UsefulBI (1), Amazon (1).
Parspec attracts about 42 organic search visits a month, worth roughly $0K a month in equivalent ad spend.
The most common skills among Parspec staff are Python (Programming Language), C++, Leadership, Java, MySQL.
Parspec staff are concentrated in Karnataka, India (38), California, United States (18), San Francisco Bay Area (12).
Parspec has about 52 people in Engineering, up 18% over the past year, as of September 2026.
Parspec has about 12 people in Product Management, up 33% over the past year, as of September 2026.
Computed from 97 current and 47 former Parspec profiles, as of September 2026. Source: Crustdata.
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