Parknav

If you’re like most people — finding parking for your car can be a nightmare.

From dealing with finding an open spot — how far it is from where we're going and how much it’s going to cost. It many times takes over 10 minutes for us to find a place to park our car.

So we decided to do what should have been done years ago, develop a solution that tells you in real time if there is a parking spot and where, covering all city streets 24/7.

And we did it. We developed the right technology, combined it with an IoT business strategy, and deployed it to customers. And now we are ready to scale with customers, cities, and much beyond parking.

Our technology works -- and we have the traction to prove it 

Parknav provides real-time information on where exactly parking is available for drivers when they need it. 

The way that we do this is using AI that we built at a number of levels. It uses much historical precise data that we source or get from our partners (for example, where people paid for parking) together with real-time not-so-precise data (for example, where people are right now, such as mobile phone counts).

We put a lot of work into sourcing the data and combining it in such a way that our determination of available parking spots is precise and timely. That is our Parknav platform. We then deliver the information to drivers thru our customers, such as mobile-payment-for-parking apps and car manufacturer’s in-dash navigation systems.

We built and patented artificial intelligence that can analyze data generated by cars manufacturers, telecommunication companies, insurance companies, car-sharing services, mapping companies and many other sources, along with our own proprietary data.

This platform now uses a lot of data that all provide pieces of the puzzle on calculating where at a given moment a parking spot is available. 

Invest in an experienced, award-winning, internationally recognized data science and leadership team.

Parknav® was launched in 2015 by award-winning Professor and Data Scientist, Prof. Dr. Eyal Amir, whose 25 years of research is the foundation for our groundbreaking, patented and innovative technology. And our team experience doesn’t stop there—encompassing multiple exits, IPOs, and more..

Customers trust our patented technology, which is available for 1,000+ cities in North America and Europe.

In 2021 we increased our customers 200%. To do this we brought on board a team that knows how to produce, scale, and sell. 

Parknav's® patented technology is trusted by some of the most well-known luxury automakers in the world (including BMW), the largest global telecommunication companies (including Deutsche Telekom), and large-scale Smart City service providers (including Siemens).

We're backed by Village Global, which includes some of the world's most well-known technology leaders.

Parknav® received investment from the California-based Venture Capital firm Village Global VC, which is backed by Diane Greene, Bill Gates, Jeff Bezos, Mark Zuckerberg, Sara Blakely, Reid Hoffman, and more! Parknav® was also part of Microsoft Ventures Accelerator, Startupbootcamp Berlin, Wayra O2/Telefonica/Hyundai Accelerator, and the Volkswagen PlugAndPlay Accelerator.

Parknav® makes finding a parking spot easy and fast.

Traditionally, cities and businesses have relied on dedicated, physical parking sensors to determine real-time parking availability. This costs cities and people a lot of money and time and is neither practical nor scalable. Our solution is a precise, AI data-driven product that’s 100x more cost-effective—thus, 100x more scalable—and much more accurate. 

Here’s how we compare:

Parknav® uses data to determine real-time parking availability.

Parknav® uses AI to identify available on-street parking in real-time. It is the only scalable solution that uses zero hardware and works on every street, 24/7, for all types of on-street parking (including free, metered & permit). Additionally, our technology predicts so much more than parking—and this investment opportunity includes these future opportunities.

We use artificial intelligence to analyze data generated by cars manufacturers, telecommunication companies, insurance companies, car-sharing services, mapping companies and many other sources, along with our own proprietary data. This makes Parknav® the most accurate solution available.

Parknav® is poised to be the center of the IoT revolution

This impending Internet of Things (IoT) Smart Cities revolution is demanding our unique technology expertise and we're prepared to scale rapidly to capitalize on this momentum. The potential of Parknav® to improve Smart Cities is boundless: from enhanced citizen and government engagement to reduced environmental footprint, improved infrastructure and life quality for urban dwellers.

So much more than parking.

The AI-driven technology that powers Parknav® has predicted more than just parking. Our roadmap including predicting "EVERYDAY" situations (predicting what is occurring outside, such as where can I find a place to sit), "FIREHOSE" predictions (what is occurring off the street, such as does your favorite grocery store have your favorite toilet paper in stock) and "PERSONALIZED" predictions (what will happen to you later in the day, such as how is your health).

This technology is extremely exciting and is ALREADY proven with the success of Parknav ®.

Parknav® will help build the Smart Cities of the future.

Modern cities will have more traffic and less parking. Autonomous vehicles can park themselves, but Parknav® will provide the missing piece of the autonomous parking experience. We’ve already identified many more potential applications of our technology and data set, and it’s clear that Parknav® will play a significant role in making the Smart Cities revolution better.