Total raised
$7.7M
Last: Series C 2021-03
Stage
Mature
Founded
2016
Headcount
23
HQ
Jerusalem
Sector
Automotive & Mobility Technologies
About
Wisesight Technologies has created a smart parking solution that enhances municipal revenue by streamlining payment processes. The system comprises multiple parking areas that share information, allowing real-time monitoring of street parking.
Upon a vehicle’s entrance into a parking area, the Wisesight algorithm identifies the car through its license plate number, captured by a camera, and associates it with a unique ID number. The ID is tracked as the vehicle moves from one camera to another, and the system automatically activates the counter.
Funding history · 4 rounds · $7.7M total
2021-03
Series C
$4.0M
2020-01
Series B
$1.2M
2018-01
Series A
$2.1M
2017-01
Seed
$400K
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is Wisesight Technologies' primary focus?
- Wisesight Technologies focuses on providing an AI-based solution for real-time parking monitoring to enhance municipal revenue by streamlining payment processes.
- When was Wisesight Technologies founded?
- Wisesight Technologies was founded in January 2016.
- How much total funding has Wisesight Technologies raised?
- Wisesight Technologies has raised a total of $7.7 million across multiple funding rounds. For a full financing history, please refer to startupim.
- When did Wisesight Technologies complete its Series C funding round?
- Wisesight Technologies completed its Series C funding round in March 2021, raising $4 million.
- Which investor participated in Wisesight Technologies' Series A round?
- iArgento was an investor in Wisesight Technologies' Series A round in January 2018.
- How many employees does Wisesight Technologies currently have?
- Wisesight Technologies currently has 23 employees.
- Where are Wisesight Technologies' offices located?
- Wisesight Technologies has its headquarters in Jerusalem, Israel, and an additional office in New York, USA.
- What technology partnership did Wisesight Technologies announce in July 2023?
- In July 2023, Wisesight Technologies announced the integration of Hailo's AI processors into its systems, aiming to save drivers in Israel significant amounts on parking fines.
- What is the core functionality of Wisesight Technologies' parking system?
- Wisesight Technologies' system uses cameras to identify vehicles by license plate upon entrance to a parking area, associates them with a unique ID, tracks their movement, and automatically activates a counter for real-time monitoring.
Sectors & technology
Primary sector
Automotive & Mobility Technologies
Sub-sectors
Fintech & InsurtechMoney Transfer & ManagementAutomotive & Mobility TechnologiesUrban Mobility
Technologies
Artificial IntelligenceMachine LearningSensingGeolocationCommunicationsIOT
Target customers
Government & CityMunicipalities
Business model
B2GB2B2CB2B
Highlights
1 Patents
Tags
paymentsiotmachine-learningsoftware-applicationslocation-basedsmart-mobilitymunicipalitiessmart-citymanagement-solutionsartificial-intelligencefintech