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The Hailo-8 processors will replace Nvidia processors previously used, offering significant cost reduction and the ability to connect up to 12 cameras to the edge computing unit. 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The company has raised $7.5 million and operates in eight Israeli cities. Pilot projects have begun in Jerusalem, Pittsburgh, and Dubai, as well as major carparks in Los Angeles International Airport, Hoover Dam, London, and Ukraine. Wisesights app-free solution uses connected sensors and live video feed to map parked vehicles, analyze traffic and parking patterns, guide motorists to vacant spots, and enhance security. The main use case is payment, with Wisesight embedded in payment apps used in partner cities. The company is establishing a US subsidiary in Phoenix.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["parking","big data","Internet of Things","artificial intelligence","frictionless park-and-pay experience"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"GCKLEr7lVzPdhn9at7Bwnc0Rb4yrp6jzGqxT69qadx8CfrJW8gl8Kb","news_summary":"Imagine a city without parking tickets","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"XIDMsWJDJ4F2HkIBQNDOqVDHLTIlYMGiMpqbVuU5DfU0qDsg96HgLL","date":"Oct 8, 2021","link":"https://www.calcalistech.com/ctech/articles/0,7340,L-3919232,00.html","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"smart parking","company":"Wisesight Technologies","layoffs":null,"summary":"Wisesight Technologies, an Israeli startup, has developed smart parking technology that aims to solve the problems associated with parking in urban locations. The companys solution works directly with city municipalities to organize parking and ensure easy payment for users. Wisesight has already partnered with several municipalities in Israel and plans to expand to the US, Europe, and the Middle East. The company recently completed a $4 million Series A funding round from private investors and is considering going public in the future. Wisesight believes that its system can generate a yearly revenue of $133 million for a city compared to $48 million without it. 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