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Parspec

Parspec

AI-native platform for construction materials procurement

Product Management Intern

Summer 2026Posted on 2/16/2026
No salary listed
Internship
Bachelor's, Master's, MBA, PhD
San Mateo, CA, USA
Hybrid

About the job

Requirements
  • Currently enrolled in a US-based, degree-seeking program (Bachelor’s, Master’s, MBA, or PhD)
  • Strong analytical and structured problem-solving skills
  • Ability to work effectively in ambiguous problem spaces and drive projects to completion with limited direction
  • Ownership mindset with a bias toward action and accountability for outcomes
  • Clear, concise written and verbal communication skills
  • Ability to collaborate cross-functionally with Product, Design, and Engineering partners
Responsibilities
  • Lead scoped product initiatives from discovery through execution in partnership with Engineering and Design
  • Develop a deep understanding of customer workflows through qualitative and quantitative research
  • Define product requirements, user experiences, use cases, and success metrics
  • Author clear product requirements, user stories, and decision documents to align cross-functional teams
  • Ship product and feature improvements through rapid iteration, experimentation, and feedback
Desired Qualifications
  • Interest in or exposure to construction industry workflows, including materials procurement
  • Academic or practical background in construction management, engineering, supply chain, operations, or other complex real-world systems
  • Exposure to B2B SaaS products, especially workflow-heavy or operations-focused software

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.

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