# Parquery

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parquery

- Industry: Software
- Headquarters: Zurich, Switzerland
- Website: www.parquery.com
- Latest round: Seed (Aug 11, 2015)
- Investors on record: 1

## About

Based in Switzerland, Parquery AG operates as a provider of advanced artificial intelligence solutions aimed at enhancing mobility and logistics through innovative parking and traffic management systems.Parquery AG specializes in AI-driven analytics for vehicle detection, occupancy monitoring, and incident detection. Founded in 2014 and headquartered in Zurich, Switzerland, the company has completed a total of 4 deals to date, with the most recent deal occurring on February 1, 2021. Andrea Fossati serves as both the CEO and founder of the company, which has seen consistent growth in its operational focus.Parquery specializes in providing advanced artificial intelligence solutions designed to enhance mobility and logistics through smart parking and traffic management systems. The company’s core offerings include AI-powered analytics that facilitate accurate vehicle detection, occupancy monitoring, and incident detection through any type of camera, including existing infrastructure. Their solutions cater to various end users, including city planners, transportation agencies, retailers, and logistics operators, helping them optimize parking efficiency, manage traffic flows, and improve service quality. Parquery has successfully deployed over 80 projects in more than 30 countries, with implementations in Switzerland, Slovenia, and the United States. Their systems support a wide range of applications such as indoor parking guidance, traffic signal management, passenger counting, and crowd management, demonstrating versatility across different geographical markets.Parquery generates revenue through a combination of subscription models and partnerships with various organizations, including municipalities and private enterprises. The company offers tailored solutions that are priced based on the number of monitored objects and the level of service required. Their flagship product offerings, which include AI-driven parking guidance and traffic management solutions, are designed to be modular and scalable, allowing clients to expand their usage as needs grow. Revenue transactions typically occur through direct sales to businesses and government agencies, where clients pay for the software services based on the unique requirements of their projects. This structured pricing approach enables Parquery to align their service offerings with the specific needs of their clients, ensuring a flexible and efficient deployment of their AI solutions in diverse settings.In February 2021, Parquery AG raised an undisclosed amount of Seed funding from the investor VolkerWessels. This funding will enable Parquery AG to further develop its smart city solutions. The company plans to expand its product line with upcoming innovations designed to enhance its AI capabilities in urban management applications. Parquery is focusing on entering new markets in Europe and North America by late 2023, targeting cities with high density and traffic challenges.

## Funding rounds

- Seed, Aug 11, 2015 — Momenta Ventures

## Investors

- Momenta Ventures (https://capitalatlas.ai/funds/momenta-ventures) — Seed