Parspec Raises $20 Million Series A to Modernize the Construction Supply Chain with AI
· Source: prnewswire.com
In short
Parspec, an AI-native software platform for construction supply chain optimization, has secured $20 million in Series A funding led by Threshold Ventures. The company's AI models streamline procurement by extracting product specifications from design documents, improving labor productivity by 50-100% for distributors. Parspec plans to expand its platform to support the full order lifecycle and enhance collaboration across the construction supply chain.
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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, supplychain, productivity