The Tech Start-Up Revolutionizing Parking

With a $25 million credit line from Citi, Streetline, a startup that Fast Company last covered in 2010, "wants to make it so that the next generation laughs when we tell them about the hours we spent on a weekly basis searching for parking."

Schwartz provides updates on a trio of applications that Streetline is rolling out for drivers looking for parking (Parker), parking providers wanting to provide information on the number of parking spots available or designate certain parking spots for reservations (Parkedge), or cities looking for a robust system containing everything from the sensors themselves to analytics, and soon, information on occupancy down to the parking space level (Parksight).

Being a parking space searcher, not owner, I find Parker, "the Open Table of parking," according to Streetline CMO Kelly Schwager, to be the most exciting. "Eventually, Parker's services will be integrated directly into in-car navigational systems."

According to Schwartz, "Streetline already has deployments in California, Indianapolis, Maryland, Michigan, New Jersey, New York, North Carolina, Texas, Virginia, and Washington, D.C. Now the company is setting its sights on Europe."