Waterloo, Canada
eleven-x, established in 2014 and headquartered in Canada, is making strides in the IoT and Smart City sectors with its innovative product, eXactpark™. Their solution significantly enhances parking experiences by offering a comprehensive software platform combined with the patented SPS-X sensor. These technologies help cities and institutions tackle mobility challenges by achieving a remarkable 99.5% accuracy in finding available parking spaces.
The benefits of this innovation are clear: reduced traffic, increased safety, and lower greenhouse gas emissions. Notably, the solution is currently implemented in several regions across North America, including Arlington County, VA, Kirkland, WA, and the University of Wisconsin-Milwaukee.
In terms of investment, eleven-x last attracted funds during a Seed Round on 01 January 2021, backed by the Archangel Network of Funds. This shows a promising interest from investors, indicating a positive outlook for growth and expansion in the smart city technology domain.
