Westly Group completes Cleverciti’s $15m funding round

An investment from Silicon Valley-based venture capital firm Westly Group has completed smart parking technology firm Cleverciti Systems' $15m funding round, supporting the latter’s development of smart city environments. Westly Group is a utility, energy and sustainability company – which means the partnership will provide Cleverciti with access to international utility companies whose utility poles are intended to become future data hubs for smart cities. Thomas Hohenacker, Cleverciti founder and
May 4, 2018 Read time: 1 min

An investment from Silicon Valley-based venture capital firm Westly Group has completed smart parking technology firm Cleverciti Systems' $15m funding round, supporting the latter’s development of smart city environments.

Westly Group is a utility, energy and sustainability company – which means the partnership will provide Cleverciti with access to international utility companies whose utility poles are intended to become future data hubs for smart cities.

Thomas Hohenacker, Cleverciti founder and CEO,says that the company’s sensor technology generates real-time space-by-space parking data. A digital signage system will be used to visualise data at the poles.

Parking & Access Control

Related Content

  • Transport technology transforming bus stops in Los Angeles
    January 20, 2012
    David Crawford reports on a pioneering blend of transport technology and aesthetic By gaining a design award before installation has even started, the US$6.9 million City of Santa Monica (California)'s Big Blue Bus Shelter and Branding Package has ensured early interest among what it expects to be a new wave of transit riders. The American Institute of Architects' Los Angeles chapter's recently conferred 'Next LA Citation Award for Architecture', given for design excellence in projects as yet unbuilt, comm
    Read More
  • Hurdles to MaaS adoption highlighted
    January 25, 2018
    Jack Opiola talks to some MaaS advocates in the US. Cities will accommodate almost 60% of the world’s population by 2025 and technology is outpacing transportation plans and planners - putting extreme pressures upon planners and transportation systems alike. Big data, digital payments, ubiquitous communications, smartphone applications, on-demand travel and autonomous vehicles are all shredding existing transport plans. Never before has the pace of population growth and the tools to address this problem
    Read More
  • Cepton and Belam boost railway safety
    September 28, 2021
    Cepton says the system has achieved an accuracy of over 99.9% in obstacle detection
    Read More
  • ITS boosts safety on Brazil’s Regis Bittencourt Highway
    October 5, 2016
    Brazil’s incident-prone Regis Bittencourt Highway was once known as ‘the highway of death’ but investment in ITS systems has brought about some big improvements, as Mauro Nogarin discovers Between 2010 and the end of 2014, Brazil made major investments in traffic technology across its national highways with the result that the ITS network went from 4,963km of fibre optics to 8,524km and the number of cameras increased from 1,127 to 3,208.
    Read More

Highlighted Content