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Parspec

Parspec

AI-native platform for construction materials procurement

Applied AI Engineer Intern

Summer 2026Posted on 5/19/2026
No salary listed
Internship
Bachelor's, Master's, PhD
San Mateo, CA, USA
Hybrid

Hybrid role; requires on-site presence in San Mateo, CA while allowing some remote work.

About the job

Requirements
  • Currently enrolled in a US-based, degree-seeking program (Bachelor’s, Master’s, or PhD) in Engineering, Computer Science, or related fields
  • Strong familiarity with core ML/AI concepts and tooling, such as model training(LoRA/QLoRA) and evaluation, embeddings, RAG systems, agentic frameworks like LangGraph, CrewAI or related techniques.
  • Strong familiarity with ranking and recommendations techniques.
  • Hands-on experience applying AI or machine learning to real-world projects, including working with imperfect data, making tradeoffs, and iterating based on results
  • Strong analytical and problem-solving skills
  • Ability to work effectively in ambiguous problem spaces with guidance and mentorship
  • Clear written and verbal communication skills for technical and non-technical audiences.
Responsibilities
  • Contribute to AI-driven initiatives, from problem framing through experimentation and implementation
  • Build, prototype, evaluate, and iterate on models and AI-powered workflows used in customer-facing product features
  • Partner with Senior Applied AI Engineers and Product Managers to translate real customer problems into clear technical approaches and tradeoffs
  • Analyze structured and unstructured data (e.g., product specifications, documents, metadata) to improve model performance
  • Document assumptions, results, and learnings to support cross-functional alignment and decision-making
Desired Qualifications
  • Exposure to B2B SaaS products, especially workflow-heavy or operations-focused software
  • Interest in or exposure to construction industry workflows, including materials procurement

About the company

Parspec provides an AI-native platform and digital infrastructure for the construction materials supply chain. It connects manufacturers, distributors, and rep agencies to streamline product discovery, quoting, and procurement across projects. The system replaces fragmented spreadsheets and PDFs with AI-driven workflows and centralized information to reduce delays, errors, and margin erosion. Its goal is to enable project-driven businesses to bid faster, win more work, and improve profitability.

Company Size

51-200

Company Stage

Series A

Total Funding

$31.5M

Headquarters

Columbus, Ohio

Founded

2020

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Simplify's Take

What believers are saying

  • Parspec raised $20 million in July 2025 from Threshold Ventures for product expansion.
  • Parspec claimed 4x revenue growth in 2024-2025, signaling strong demand momentum.
  • CESCO's 150-plus branches and SESCO's halved submittal time validate enterprise value.

What critics are saying

  • Concora, SubBase, and Pype target adjacent construction workflows and can displace expansion.
  • SESCO and CESCO concentration creates customer-specific execution risk if implementations stall.
  • No layoffs or lawsuits surfaced in 2026, but existential risk is low renewals and slower adoption.

What makes Parspec unique

  • Parspec's July 2026 Sales Management unifies RFQs, quoting, orders, and commissions.
  • Parspec's April 2026 Project Management extends workflow from bid through delivery visibility.
  • Parspec serves 300-plus distributors and agencies, with 2,400 rep agents across 100-plus agencies.

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Benefits

Health Insurance

401(k) Retirement Plan

Unlimited Paid Time Off

Flexible Work Hours

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Associated Press
Jul 20th, 2026
Parspec launches AI-native sales platform for rep agencies to automate quoting and commission tracking

Parspec has launched Sales Management, an AI-native platform designed for manufacturer rep agencies in the construction supply chain. The solution unifies quoting, order management, and commission tracking in a single system. The platform addresses challenges facing lighting and electrical rep agencies, including industry consolidation, increasingly complex products, and rising workloads. It replaces manual processes with automated workflows powered by a database of over 3,800 manufacturers. Key features include AI-powered conversion of RFQs into bills of materials, automated product crossing based on technical attributes, real-time pricing updates, and automatic commission tracking. The system aims to help agencies respond to quotes faster whilst reducing administrative overhead and capturing missed revenue. More than 2,400 rep agents across 100-plus agencies already use Parspec for submittal workflows. The company, founded in 2021 and based in San Mateo, serves over 300 distributors and rep agencies.

Built In SF
Jul 9th, 2025
Parspec Secures $20M to Expand Its AI-Native Procurement Platform

Parspec, a software company headquartered in San Mateo, pulled in a $20 million Series A round spearheaded by Threshold Ventures.

Benzinga
Jul 8th, 2025
Parspec Raises $20M to Modernize Construction

Parspec, an AI-native software platform, raised $20 million in Series A funding led by Threshold Ventures. The funding will help Parspec modernize the construction supply chain by expanding its platform to support the full order lifecycle. Parspec has achieved 4x revenue growth in the past year and plans to invest in product development, including a Distributor Order Management system and a Contractor Portal, with a commercial launch expected by the end of 2025.

Edison Report
Jul 8th, 2025
Parspec Raises $20 Million Series A to Modernize the Construction Supply Chain with AI

Parspec raises $20 million Series A to modernize the construction Supply Chain with AI.

Crunchbase
Jul 8th, 2025
Exclusive: AI-Powered Construction Procurement Startup Lands $20M Series A

Parspec, a startup using artificial intelligence to improve efficiency in the construction industry supply chain, has raised $20 million in a Series A funding, the company told Crunchbase News exclusively.

INACTIVE