Innovation Endeavors, an early‑stage venture firm, led a $11m round in Parspec, an AI-powered software platform, with participation from Building Ventures, Heartland Ventures and Hometeam Ventures. “Recent advances in AI have enabled us to reinvent the product selection, quoting and submittal process for our customers. We utilize cutting-edge NLP & computer vision models to enable contextual, hybrid and image-based searches, LLM-based document summarization, and a personalized product recommender system across a live database of over 2 million configurable product families that is growing daily,” Pratyush Havelia, Parspec CTO and Co-Founder.