It looks like competition is heating up in the smart parking market--and for local parking technology firm Parkme, which is based in Santa Monica--as yet another company announced Thursday more funding for giving consumers real-time information about available parking spaces. Competitor Streetline, which is based in the Bay Area, just announced a big, $25M Series C funding from True Ventures, Citi, and Qualcomm, which will go towards its "smart parking" products and applications. The funding comes only a month after another, ParkMe competitor--ParkWhiz, based in Chicago, announced $2M in a Series A funding. All three companies are involved in some part of using smartphones to let users know about open parking spaces, both on city streets and at parking facilities. ParkMe recently inked a big deal with INRIX to provide its information through traffic data services; and the firm has been offering its real time parking in LA, Santa Monica, and other markets since last year.
Top NewsThursday, January 10, 2013
Competition Gets Fierce For ParkMe, As Streetline Finds Funding