Parspec and the Future of Construction Materials Procurement in the Age of AI

​Come meet Parspec’s CEO and Co-Founder Dr. Forest Flager who will share how his experience at Stanford CIFE, Google X and Katerra led him to found Parspec in 2021. Parspec provides a AI-native software platform for the selection and procurement of construction materials which recently raised a $20M Series A round and is backed by leading deep tech venture investors Innovation Endeavors and Threshold Ventures.

​Recent trade policy uncertainties have been a tailwind for the company because they enable customers to instantly identify alternative products to better control costs, mitigate project delays, and maintain competitiveness in the current market. Parspec is starting with electrical products and in the last 12 months, they have secured enterprise contracts with 4 of the 5 largest electrical distributors in the United States including Sonepar, Graybar, and Rexel.

​Forest will share learnings from his experience as a first time founder and CEO and discuss the company’s vision for the future of construction materials procurement in the age of AI.