Parknav

Parknav offers a sophisticated data analytics solution focused on urban mobility, specifically addressing the persistent challenge of locating available on-street parking. Founded in 2015 by Eyal Amir and Sergei Kozyrenko, the company, legally known as Ai Incube, Inc., leverages artificial intelligence and machine learning to provide real-time and predictive parking availability data. The venture stems from CEO Eyal Amir's extensive 25-year background in AI research, including a PhD from Stanford and a professorship at the University of Illinois at Urbana-Champaign, combined with CTO Sergei Kozyrenko's programming expertise from institutions like Argonne National Labs and UBS.

The core of Parknav's business is its hardware-free, SaaS platform that analyzes vast and diverse datasets to generate high-precision parking insights. This data is sourced from a wide array of partners, including automobile sensors, cellular networks, car-sharing services, and mapping providers, which is then processed by Parknav's patented algorithms. The company's service is designed for B2B clients, primarily serving automotive manufacturers, mobility service providers, mobile payment applications, and municipal governments (smart cities). Revenue is generated through a licensing fee model, where clients like car original equipment manufacturers (OEMs) pay on a per-year, per-car basis to integrate Parknav's data into their native navigation or application systems.

The company's product delivers data on all types of on-street parking—free, metered, and permit—and includes detailed curbside restriction information. This information is accessible to end-users via client applications, such as in-dashboard navigation systems, guiding drivers directly to open spots. Parknav's solution stands out by eliminating the need for physical sensors, which makes it highly scalable and cost-effective, reporting coverage in over 1,000 cities across North America and Europe. Having participated in accelerators with Microsoft, Volkswagen, and Telefónica, and backed by venture capital firm Village Global, whose limited partners include prominent tech figures, Parknav has established significant market proof with customers like BMW, Deutsche Telekom, and Siemens.

Keywords: parking data, predictive analytics, smart cities, connected car, mobility services, automotive data, location intelligence, real-time parking, on-street parking, SaaS, machine learning, AI, urban mobility, fleet management, navigation data, GIS data, transportation data, big data, parking solutions, traffic management