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Woodworking Industry News

Construction AI platform raises $20 million in Series A funding

Parspec, an AI software platform that enables wholesale distributors and sales agents to bid and supply construction products efficiently, has raised $20 million in Series A funding. The round was led by Threshold Ventures (formerly DFJ), with participation from existing venture investors including Innovation Endeavors, Building Ventures, Heartland Ventures, and Hometeam Ventures.

Woodworking Industry News

USDA Forest Service looks to boost mass timber construction

Mass timber is transforming how America builds—but supply hasn’t kept pace with demand. A gap in domestic manufacturing has slowed widespread adoption, leaving many developers with few options beyond overseas suppliers or traditional steel and concrete. Through strategic support from the USDA Forest Service Wood Innovations Program, the Forest Service is helping close that gap—boosting U.S. capacity, strengthening rural economies, and growing new markets for American wood.