When was Parspec founded?

Parspec was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Parspec located?

Parspec is headquartered in San Francisco, United States. It is registered at 5209 E. Caley Ave., Centennial, CO 80121, US.

Who is the current CEO of Parspec?

Forest Flager of Parspec. They have also founded 1 company.

How many employees does Parspec have?

As of Mar 31, 2026, the latest employee count at Parspec is 101.

Is Parspec a funded company?

Parspec is a funded company, having raised a total of $31.5M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 17, 2021.

When was the latest funding round of Parspec?

Parspec's latest funding was a $***** Series A round on Jul 08, 2025, with participation from 6 investors.

Where does Parspec rank among its competitors?

Parspec ranks 5th amongst 431 active competitors, of which 27 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Attentive, which secured $30.5M in Nov, 2025.

Who are the top competitors of Parspec?

Parspec's top competitors include Matterport, Nemetschek Group and Attentive. Among them, Attentive secured the most recent funding round in November, 2025.

Parspec - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of an AI-powered platform for product selection, quoting, and submittals. The platform offers tools for product finding, quoting, and submittal creation. It helps users identify product alternatives and understand customer preferences. The platform automates document search, markup, and package composition.

Website: www.parspec.io/
Registered Address: 5209 E. Caley Ave., Centennial, CO 80121, US

Key Metrics

Founded Year

2020

Location

San Francisco, United States

Stage

Series A

Total Funding

$31.5M in 3 rounds

Latest Funding Round

Series A, Jul 08, 2025, $*****

Investors

Innovation Endeavors & 6 more

Ranked

5^th among 431 active competitors

Employee Count

101 as on Mar 31, 2026

Similar Companies

Matterport & 630 more

View Parspec's full profile

Parspec is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PARSPEC INDIA PRIVATE LIMITED CIN: U72502UP2021FTC156606 , India, Active	Dec 08, 2021	$1.79M (As on Mar 31, 2025)	-
Parspec, Inc CIN: 20211361361 , United States, Active	Apr 15, 2021	-	11 (As on Dec 31, 2023)	-

Parspec has raised a total funding of $31.5M over 3 rounds. Its first funding round was on Sep 17, 2021. Its latest funding round was a Series A round on Jul 08, 2025 for $*****. 6 investors participated in its latest round. Parspec has 7 institutional investors.

Here is the list of recent funding rounds of Parspec:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 08, 2025	9183882	Series A	9397876	9811013	2724746	4365587
Feb 27, 2024	7779593	Seed	8491731	8434563	3134752	Building Ventures & 2 more
Sep 17, 2021	6767689	Seed	1592378	8432759	Heartland Ventures & 1 more	5992676

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View details of Parspec's funding rounds and investors

The founders of Parspec are Forest Flager, Havelia and Pratyush Havelia. Forest Flager is the CEO of Parspec.

Here are the details of Parspec's key team members:

Forest Flager: Co-Founder & CEO of Parspec.
Contact Info: 1 email address
Havelia: CTO & Co-Founder of Parspec.
Pratyush Havelia: CTO & Co-Founder of Parspec.

View details of Parspec's Founder profiles and Board Members

Parspec's employee count trend

Parspec has 101 employees as of Mar 26. Here is Parspec's employee count trend over the years:

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Top competitors of Parspec include Matterport, Nemetschek Group and Attentive. Here is the list of Top 10 competitors of Parspec, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Matterport 2011, Sunnyvale (United States), Acquired	Provider of 3D digital twin solutions for various industry applications	$163M	Qualcomm Ventures, Lux Capital & 39 others	78/100
2nd	Nemetschek Group 1963, Munich (Germany), Public	Provider of software solutions for architecture, engineering, construction, and operation	-	Eiffel Investment Group, Europa	71/100
3rd	Attentive 2016, Wilmington (United States), Series B	Developer of AI-powered takeoff software for construction and field service industries	$49.7M	GAIL, Info Edge Ventures & 14 others	61/100
4th	Higharc 2018, Durham (United States), Series B	SaaS-based online 3D staging platform for residential properties	$83M	Spark Capital, Lux Capital & 27 others	61/100
5th	Parspec 2020, San Francisco (United States), Series A	Provider of an AI-powered platform for product selection, quoting, and submittals	$31.5M	Innovation Endeavors, Threshold & 5 others	63/100
6th	CubiCasa 2013, Oulu (Finland), Acquired	Digital floor plan developers	$325K	Moderne Ventures, Butterfly Ventures	60/100
7th	Spatial Corp 1986, Denver (United States), Acquired	Platform offering component-based 3D modeling technology and software	-	-	54/100
8th	Allplan 1981, Munich (Germany), Unfunded	Developer of software for building design, structural engineering, and infrastructure	-	-	53/100
9th	Vectorworks 1985, Columbia (United States), Acquired	Developer of three-dimensional design software for BIM, CAD, and modeling	-	-	52/100
10th	Planner 5D 2011, Vilnius (Lithuania), Funding Raised	Web-based landscape and interior design tool for amateurs	-	IMI.VC, Startup Highway	51/100