Loading organizations...
Parkifi develops and deploys patent-pending internet of things (IoT)-enabled parking sensors complemented by cloud-based analytics. Its core offering provides real-time, spot-level data on occupancy, turnover, and dwell time, accessible through a cloud-based dashboard. This system utilizes wireless sensors installed in individual parking spaces and gateways that aggregate and transmit data to the cloud, enabling efficient inventory management and operational insights for parking operators.
The company was founded in 2014 by Rishi Malik and Ryan Sullivan. Their initial insight stemmed from the widespread "parking hassle" experienced by millions, leading them to create a solution that empowers parking and property managers to better utilize their inventory and guide drivers to available spaces. Sullivan later led a team within DISH following its acquisition of Parkifi.
Parkifi’s solution serves parking operators and property managers seeking to modernize their infrastructure. Its vision centers on upgrading existing parking technology to meet contemporary consumer demands, continually innovating within connected parking solutions, and exploring broader applications within the internet of things ecosystem as networks evolve. The company aims to evolve its system to integrate into future narrowband IoT networks.
ParkiFi has raised $10.0M across 2 funding rounds.
ParkiFi has raised $10.0M in total across 2 funding rounds.
ParkiFi is a Denver-based IoT company that built wireless, single-space parking sensors plus cloud analytics to provide real‑time, spot-level parking occupancy, turnover and enforcement data; the company launched in 2014 and was acquired by DISH in 2018 to support broader connected‑community and NB‑IoT initiatives[1][4].
High‑Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Overall, ParkiFi began as a focused parking‑sensor startup that proved the commercial case for spot‑level parking telemetry and was acquired by DISH to scale those capabilities into carrier‑grade IoT and broader connected‑community applications[1][4].
ParkiFi has raised $10.0M across 2 funding rounds. Most recently, it raised $8.0M Series A in February 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2016 | $8M Series A | JIM Feuille, JOE Zell | Heroic Ventures | Announced |
| May 4, 2015 | $2M Venture Round | — | Access Ventures, Foundry Group Angels, Galvanize Climate Solutions | Announced |
ParkiFi has raised $10.0M in total across 2 funding rounds.
ParkiFi's investors include Jim Feuille, Joe Zell, Heroic Ventures, Access Ventures, Foundry Group Angels, Galvanize Climate Solutions.