Parspec: $20 Million Series A Raised For Enhancing Construction Supply Chain With AI
· Source: pulse2.com
In short
Parspec, an AI-driven software platform for construction supply chain optimization, has raised $20 million in Series A funding. The platform enhances labor productivity by 50-100% and streamlines procurement by identifying compliant products from a database of over 6 million items. The funding will be used to expand product development, including distributor order management and a contractor portal.
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In the issue of week 28, 2025: Agentic AI Drives Real-Time Supply Chain Resilience and Precision
Tags: construction, procurement, automation, AI, funding, productivity