- Raised $200k funding round
About
ParkLife is a provider of next-generation navigation technology that uses sophisticated routing algorithms to show drivers the best route to a parking spot near their destination. Its innovative technology maximizes the odds of finding a parking spot, with minimal searching as well as minimal costs. The companys proprietary parking-search algorithms combine high-resolution statistical modeling with advanced machine-learning technology. All historical routes and parking-spot metadata are stored in itsdatabases, where its machine-learning algorithms utilize big-data approaches to find the optimal route based on real-time decision making. ParkLife's algorithms delivervaluable information,including parking supply and demand in the chosen area on any given day and time; the priceof on- and off-street parking; and the drivers preferences, including any limitations and previous experience parking in the area. ParkLife is highly scalable and can operate in new areas quickly, cost-effectively, and with no need for historical data.
Funding history · 1 round · $200K total
Q&A
- What is ParkLife's primary business?
- ParkLife provides next-generation navigation technology that uses sophisticated routing algorithms to guide drivers to the best parking spots near their destinations, aiming to minimize searching time and costs.
- When was ParkLife founded?
- ParkLife was founded in May 2014.
- What is the current status of ParkLife?
- ParkLife is currently inactive, with its status changed in February 2017.
- Where is ParkLife's headquarters located?
- ParkLife's headquarters is located in Tel Aviv-Yafo, Center District, Israel.
- What is ParkLife's primary sector?
- ParkLife's primary sector is Automotive & Mobility Technologies.
- What technologies does ParkLife utilize?
- ParkLife utilizes technologies such as Sensing, Geolocation, Artificial Intelligence, Machine Learning, Platforms & Interfaces, and Mobile.
- How much funding has ParkLife raised in total?
- ParkLife has raised a total of $200,000.
Sectors & technology
Tags
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External links
| linkedin.com/company/5261640 |
Identifiers & details
| Founded | 2014-5 |
|---|---|
| Status reason | Non Active, Feb 2017 |