Spaceek

Company Overview

Snapshot

Founded in July 2014 by Itamar Meimon and Oren Elzam, Spaceek operated with 1–10 employees. The company raised a total of $1.67 million across two funding rounds from three investors. Spaceek ceased operations in November 2019.

Business overview

Spaceek developed a real-time parking solution designed to automatically guide drivers to available parking spots. The company's core technology utilized patent-pending IoT sensors and smartphones to cover large areas, creating an accurate parking guidance engine. Spaceek's solution aimed to provide parking management, data, and insights with quick deployment and low total cost of ownership, serving the Automotive & Mobility Technologies sector.

Strategic signal

Spaceek ceased operations in November 2019, indicating a significant shift in its business trajectory. This event signals to investors and innovation teams that the company's real-time parking solution, despite earlier funding, did not achieve sustainable market traction or operational viability, leading to its discontinuation.

Company Intelligence Q&A

What is Spaceek's primary business?

Spaceek developed a real-time parking solution that guides drivers to available parking spots using IoT technology and smartphones, providing parking management, data, and insights.

When was Spaceek founded and by whom?

Spaceek was founded in July 2014 by Itamar Meimon and Oren Elzam.

What was the total capital raised by Spaceek?

Spaceek raised a total of $1.67 million across two funding rounds.

What is the current operational status of Spaceek?

Spaceek is currently non-active, having ceased operations in November 2019.

Which investors participated in Spaceek's funding rounds?

Spaceek received funding from investors including Central Park Group and Clear Future