What does Modii do?
Modii provides a centralized, cloud-based platform that aggregates real-time data on parking asset utilization and revenue. The platform leverages AI-driven analytics to predict future demand, helping operators improve user experience, asset efficiency, and operational decision-making.
How much did they raise?
The company raised an undisclosed amount in a Seed funding round led by an EVP. As part of the investment process, EVP Principal Mark Velik will join the board of Modii.
What are their plans for the money?
Modii intends to use the funds to expand its operations, enhance its engineering and product capabilities, and grow its customer delivery and success teams in key U.S. markets. This expansion is expected to further improve the platform's impact on optimizing mobility infrastructure.
What have they achieved so far?
The company has already made progress with its robust, AI-driven platform that aggregates real-time data, enabling effective analysis and optimization of parking and mobility resources.