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Anagog raises $1M to help you find a parking space

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Here in San Francisco, finding a parking space can be a headache-inducing event. One day I drove around the block so many times that the movie I wanted to see had already started, and I just drove home, angry.

A solution is needed. A group of investors has decided to bet a million bucks on one company that’s using both real-time and historical driving and parking data to predict when and where a parking space is likely to show up.

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The Israeli company, called Anagog, says it crowdsources all this data using the sensors in users’ phones.

The investors include former chairman of Applied Materials Israel Dan Vilensky, and Avi Shechter, former vice president at AOL. Anagog says it will use the funding to accelerate the worldwide adoption of its real-time smart parking solution.

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Anagog says its technology automatically detects the mobility and parking status of a user with almost zero power consumption on the mobile device.

The company also provides a software development kit (SDK) to developers who want to build the parking-space-sensing technology into their own apps.

Anagog says it has patented its technology, and its parking data has already been distributed to business partners worldwide.

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