Worldsensing, founded in 2008 from private equity, has grown very quickly into a serious market contender with its Smart Parking product for the emerging Smart City market. Today, it counts on a dozen highly qualified engineers and four experienced executives. It has completed its first investment round with FJME in 2010 and is finalizing round two in Q4 2011 to meet the exponentially-growing market opportunities worldwide.
Worldsensing has been labeled by prestigious Pike Research as one of the 17 companies actively shaping the Smart City eco-system. It has received major press coverage, such as in BBC, twice the Wall Street Journal, and various TV programs and newspapers. It has won two major awards, the Stockholm Smart City Living Labs Global Award 2011 and the IBM Smart Camp 2010 London Award.
Worldsensing’s prime product, referred to as FastPrk, is targeting the outdoors parking market, be it privately owned (such as shopping malls) or public (such as townhalls). It addresses the obvious headache of losing a lot of time, money and health by not able to find a parking spot quickly.
Sales are facilitated by the superior product quality when compared to competing solutions, as well as a strong executive and advisory team as well as the strategic investor JFME which has a direct access to the construction giant Acciona.
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