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Parspec

Parspec

Private
San Mateo, CaliforniaEnterprise Softwarehttps://www.parspec.io/

Last Round

Series A

Jul 8, 2025

Total Funding Raised

$31.5M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Parspec is a construction technology company that offers an artificial intelligence platform to streamline the supply chain for the building and construction industry by facilitating the selection and sale of construction products through instant submittal creation and online management.

Sector

Enterprise Software

Verticals

Construction Tech, Vertical SaaS, Document Management, Workflow Automation, NLP & Conversational AI

Business Model

B2B

Customer Profile

Usage-Based SaaS, Subscription SaaS

AI Layer

Application

Keywords

construction techAI quoting softwareMEP softwarecontechmechanical electrical and plumbingautomated submittalsBOM extractionAI document processinglighting distribution softwarebill of materialsconstruction document automationvertical SaaSblueprint analysisusage-based SaaSspec compliance

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Parspec Comparables

Compare Parspec with similar companies based on industry and business-model similarity.

Parspec comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Pelles.ai
67%
STACK Construction Technologies
66%
BuildSync Inc
64%

Parspec Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series AJul 8, 2025
SeedFeb 27, 2024
Pre SeedMar 1, 2022

Key People

Founding team and executive leadership

Pratyush Havelia

CTO Co-Founder

Founding Team

Forest Flager

CEO and Cofounder

Founding Team

Parspec Investors

Notable investors and investment history

Parspec investors
InvestorRounds
Building VenturesSeries A, Seed
Heartland VenturesSeries A, Seed
Threshold VenturesSeries A
Innovation EndeavorsSeries A, Seed
Hometeam VenturesSeries A, Seed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 16, 2026

    Added dibujosfaciles, an Architecture / Construction startup, as a customer.

  • Apr 8, 2026

    Launched a new Project Management solution to streamline construction execution.

Parspec Filings

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Parspec filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Parspec's valuation, stock price, and market status.

Is Parspec a public or private company?

Parspec is a private company.

What is the current stock price of Parspec?

Parspec is a private company with no public stock price. Caplight tracks Parspec's secondary market activity and provides MarketPrice™ estimates to Caplight users.

How much is Parspec worth (valuation)?

Valuation information for Parspec is not publicly available.

Can I buy Parspec stock?

Parspec shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Parspec's last funding round?

Parspec's most recent funding round was Series A on July 8, 2025.

Who are the main investors in Parspec?

Key investors in Parspec include Threshold Ventures, Innovation Endeavors.

Will Parspec IPO soon?

No public IPO plans have been announced for Parspec.

How can I track Parspec secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Parspec's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersSan Mateo, California
Employee Range102
Year Founded2021
Last FundingJul 8, 2025

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