Investment will be used to expand to cities across the US and enhance in-app features
SpotAngels, a community-based parking app that helps drivers find parking spots, has closed a $2.3m funding round.
The company describes the app as "Waze for parking”.
Backers included Lars Rasmussen (co-founder of Google Maps), Luc Vincent (former head of Google Street View and VP engineering at Lyft), Y Combinator, Streamlined Ventures, and Via-ID among others.
The funding will be used to expand to cities across the US and enhance in-app features including the introduction of a new feature called “predicted availability” which allows drivers to know what the odds are of finding a spot in any given area before heading there.
With the introduction of the predicted availability feature, SpotAngels said it will supplement its map with parking availability information on all streets.
The new feature works by extracting historical parking data from dash cam videos that SpotAngels collects through members of its community.
SpotAngels has developed proprietary computer vision technology to count parked cars on these videos to determine how occupied streets are at a given time. Unlike previous attempts to predict availability of streets based on traffic, SpotAngels claims its approach is highly accurate since it is based on the “ground truth” parking situation.
“The SpotAngels founding team is top notch technically. They are focused on a space that it ripe for disruption, with products that stand to improve the lives of millions of people,” said Vincent.
According to SpotAngels, the app is used by an engaged community of drivers in more than 20 US cities to find parking and avoid tickets. By installing the app users contribute real-time data to the community. The app knows that they are parking or leaving a spot in real-time by using the car’s bluetooth connection or phone motion sensors.
It sets parking reminders when they park and displays open spots on the map when they leave. SpotAngels said this allows users to see live open spots that open up around them.
The app also displays the location of all street parking spots and garages with detailed rules and prices that the SpotAngels community keeps up-to-date by sending parking signs pictures from the app. Drivers can use it to find free street parking, the cheapest parking meter or garage.
The new predicted availability feature is expected to be launched in San Francisco by end of 2018 with roll out in New York City following.
If you like this, you might be interested in reading the following:
ParkBee aims to ease London’s parking stress
Integration with RingGo and Parkmobile app expands the reach of the company to more than 12 million users
Smart parking gets smarter
The company has also added coverage for Latin America, Australia and Asia-Pacific
Smarter parking in 100 European cities
The service complements the existing Off-Street Parking information service and is available to OEM and enterprise customers
|www.smartcitiesworld.net||JSESSIONID||To keep track of user sessions on the site and identify your user session.|
|www.smartcitiesworld.net||AFFINO_x||If we are hosting your sites this option is ticked. Each user profile has a number replacing x|
|www.smartcitiesworld.net||RVP||As a guest user we store the last 10 products you viewed|
|accounts_tab_active||Store the state of the Affino accounts tab (open or closed)|
|contacts_tab_active||Store the state of the Affino contacts tab (open or closed)|
|Affino_Control||Stores the layout of the Affino control panel (left or right)|
|Affino_BrowserMode||Set your browser to iPad and you'll be able to see what that user sees|
|LiveEditSwitch||Affino functionality remembers your settings if live edit switch is on/off|
|Affino_ControlWideScreen||Affino functionality remembers your settings if you selected this option|
|NewID||Cross domain check|
|Affino_CartID||Holds the users shopping cart ID|
|smartcitiesworld.net||km_ai||Is used on affino.com but is not in standard Affino. If your site uses Kissmetrics you'll need to include these.|
|www.smartcitiesworld.net||PRECACHE||Serve a cached version of the website to users to improve the performance of the site|
|facebook.com||__utma, __utmb, __utmc, __utmv, __utmz||These are used for facebook integration. Some Affino sites use single sign on (SSO). This service provides users with the option to sign in using their Facebook login. If they chose to do so Facebook cookies are set.
Further information on Facebook's Data Use policy is available at www.facebook.com/about/privacy
|player.vimeo.com||c_user, datr, act, locale, lu, p, presence, s, xs||When users view a web page on your site with an embedded Vimeo video, Vimeo creates these cookies|
|www.linkedin.com||X-LI-IDC||These are used for LinkedIn integration. Some Affino sites use single sign on (SSO). This service provides users with the option sign in using their LinkedIn login. If they chose to do so LinkedIn cookies are set.|
|linkedin.com||__qca, __utma, __utmb, __utmc, __utmv, __utmz, _lipt, bcookie, lang, lw|
|doubleclick.net||id||This is a Google tracking cookie for advertising purposes|
|soundcloud.com||__utma||Soundcloud can be used to share music and audio files. They use google analytics to capture visitor information|
|youtube.com||PREF||When you view a web page on your site with an embedded YouTube video, YouTube creates these cookies|
|imrworldwide.com||IMRID||These are cookies from an internet media and market research company Red Sheriff|
|quantserve.com||mc||This is an advertising cookie from Qantcast|
|scorecardresearch.com||UID||These are market research cookies|