ParqMi aimed to differentiate itself by using camera-based detection rather than expensive sensor infrastructure, which kept upfront costs low for parking operators. The dual-sided platform delivered value to both drivers searching for spots and lot owners managing occupancy.
The company's participation in the StartFast accelerator provided mentorship, investor-readiness training and introductions to potential partners, helping the founders refine their go-to-market approach.
ParqMi is recorded as out of business as of December 2016 per PitchBook. The company's official domain, parqmi.com, is no longer resolvable, and its social media accounts have been dormant since around 2016.
Co-founder Thomas Georgiades lists his tenure at ParqMi from May 2016 to February 2017 on LinkedIn. The entity should be treated as closed, with past-tense text and no current operating assumptions.
ParqMi's core offering was a camera-and-app parking platform designed for public lots and garages. Drivers could view real-time parking availability through a mobile application, reducing the time spent searching for open spaces.
For lot owners and administrators, the system provided monitoring, traffic direction and occupancy-analysis tools. The solution was tested in small lots in Lynbrook and Brooklyn before the service was discontinued.
