Parknav

Can’t find a place to park? Parknav can help.

This technology company uses Artificial Intelligence and data aggregators to identify available on-street parking in real-time.

With investors including Village Global, a prominent venture capital firm backed by entrepreneurs Bill Gates, Jeff Bezos, and Mark Zuckerberg, Parknav removes the stress from finding available parking.

Furthermore, its patented technology has potential in industries including telecommunications, infrastructure, and even healthcare.

Parknav is led by an experienced team. Vice President of Product Simon Arazi took Sirenum, a software platform for workforce management, from seed-stage to an acquisition in 2021. And CEO Eyal Amir was named a “Top 10 to Watch” in the AI category by the Institute of Electrical and Electronics Engineers.

This company’s enterprise customers include BMW, Siemens, and Deutsche Telekom (parent company of T-Mobile). Additionally, individuals in more than 1,000 cities use Parknav to see real-time parking availability.

Parknav has completed the Microsoft Ventures Accelerator, Startupbootcamp Berlin, and Volkswagen Plug and Play. Last year, it generated $1 million in revenue and became cash flow positive.

The secret to Parknav’s technology is the collection of key parking- and infrastructure-related data. This data is gathered from car manufacturers, telecommunications companies, insurance companies, car-sharing services, and mapping companies.

The result is a platform that is more accurate than Google Maps or any other parking-focused app on the market.

For individual drivers, Parknav simplifies the parking process. It works with many vehicles’ infotainment system, guiding drivers to open spots nearby. It requires zero hardware and works for every type of parking, including free spaces, metered spaces, and those that require a permit.

Said one user, “I’ve lived my entire life in the greater Seattle area. Traffic and parking has only gotten worse in the last several years… Parknav would solve the biggest problem locals face daily.”

But Parknav’s technology was created to benefit more than just the individual driver. It was also built for businesses and cities.

For example, a mobile parking payment application can use Parknav’s technology to enhance the parking experience for its users. Meanwhile, a city can use Parknav to assess its parking situation. Are more spaces needed? Is there crowding in a particular area? How much parking will a new building require?

Cities traditionally use physical parking sensors to answer these questions, as well as to determine real-time parking availability. Now they have Parknav, which is AI-driven and 100x more cost-effective.

Individuals can request a free trial of Parknav. Businesses, meanwhile, can purchase a $200 monthly subscription (this would be for the mobile parking payment application, for example), and cities can purchase a $200 per month package to gather data about parking-related information.

Long-term, Parknav views its technology as being able to provide predictive insights into more than just parking. For example, it could let users know if seats are available at a bar or restaurant in real-time. It could also let users know if their local grocery store has cookies in stock, or even if going outside could pose a health risk.

Team Background

Simon Arazi - VP of Product

Simon has 20 years of startup experience, and has taken two companies to successful “exits.”

He began his career with ClickSoftware, a computer software startup, where he spent more than 17 years. He rose from a product manager to Director of Marking and Product Development, and was instrumental in the company’s $1.3 billion acquisition by Salesforce.

After that, he became a data scientist with GE Healthcare, a hospital and healthcare technology business. He then became Head of Products with Sirenum, a workforce management software company that was acquired in 2021.

Simon holds a Bachelor’s degree in Mechanical Engineering from the Israel Institute of Technology and a Master’s degree in Humanities from The Hebrew University of Jerusalem.

Eyal Amir - Chief Executive Officer

Eyal has an extensive background working with Artificial Intelligence (AI) applications. He was named a “Top 10 to Watch” in the AI category by the Institute of Electrical and Electronics Engineers.

In addition to his role with Parknav, he has spent the past 18 years as a professor at the University of Illinois, specializing in AI and machine learning.

Previously, he was a senior manager with Adobe, a computer software company. Before that, he was a chief data scientist with 6sense, another computer software business.

Eyal began his career as a postdoctoral researcher at the University of California, Berkeley.

He earned a Bachelor’s degree and Master’s degree in Mathematics and Computer Science from Bar-Ilan University and a Ph.D. in Computer Science from Stanford University.

John Leney - SVP of Business Development

John began his career as an engineer with Westinghouse Electric Company. From there, he became an IT Director with Electronic Data Systems, a company providing engineering solutions to General Motors.

After that, he became a senior manager with Deloitte, a professional services company. He then became a managing director with Dassault Systemes, a computer software company.

More recently, John was an advisor with SAP, a software company. He also founded LZO Solutions, his own consulting practice for technology startups.

He earned a Bachelor’s degree in Mechanical Engineering from the University of Michigan.

Igal Chemerinski - Chief Revenue Officer

Igal has held leadership positions at several startups that have completed successful exits.

In addition to his role with Parknav, he is a mentor with Techstars, a prominent accelerator whose investments include Uber, ClassPass, and Twilio.

He was previously Executive Vice President of Global Sales with Enabley, a software platform using AI and natural language processing for online learning courses. Before that, he was VP of Sales with Votiro, a cyber security company.

Earlier, Igal was Chief Marketing Officer with Wayerz, a digital platform enabling banks to optimize their wiring processes. Prior to that, he founded iTouch Israel, a company developing consumer-facing mobile apps.

He earned a Bachelor’s degree in Business Administration from the University of Florida and an MBA from the University of Toronto.

Co-Investors

Village Global

A VC fund investing in early-stage startups.