Pumba

Company Overview

Snapshot

Founded in December 2020 by Roy Yotvat and Tamir Ciprut, Pumba operates with 11–50 employees. The company has raised $3 million across three funding rounds from six investors, with The Founders Kitchen leading an early round. In June 2023, Pumba secured an extension round from Uri Levine.

Business overview

Pumba specializes in real-time parking assistance through an innovative mobile application designed to help drivers locate available on-street parking spaces. The service operates using a network of sensors installed by local residents to monitor and communicate parking availability directly to users. The app provides real-time navigation to open spaces, customizable search radius settings, and updates regarding local parking regulations and EV charging station availability. Pumba serves the automotive and mobility technologies sector, with a focus on urban mobility, and is accessible on both Android and iOS devices, primarily in Tel Aviv, Israel.

Strategic signal

Pumba has garnered significant media attention in Israel, with multiple news outlets highlighting its innovative approach to solving urban parking challenges. Articles from Mako.co.il and Calcalistech.com in 2023 underscore the growing public and industry interest in the company's sensor-based mobile application. This sustained media coverage signals strong market validation for Pumba's solution, indicating its potential to address a widespread pain point for drivers in congested urban environments and attract further user adoption and strategic partnerships.

Company Intelligence Q&A

When was Pumba founded?

Pumba was founded in December 2020 by Roy Yotvat and Tamir Ciprut.

What is Pumba's primary business?

Pumba provides a real-time sensor-based mobile application that helps drivers locate available on-street parking spaces, primarily in Tel Aviv, Israel.

Who invested in Pumba's June 2023 funding round?

In June 2023, Pumba secured an extension funding round from Uri Levine.