Recently, the parking solution company AIpark has completed a series D+ funding round led by China Zhongji Investment and jointly invested by Straits Financial Holdings. Prior to this, AIpark has received strategic investment from investment funds such as Shenzhen Venture Capital, Gaorong Capital, Weilai Capital, and CICC Capital.

Founded in 2015 in Shijiazhuang, AIpark is a high-tech company focusing on urban smart parking solutions and Internet operation services. The company based on AI tech, IoT tech and data processing, is committed to intelligently connecting parking lots and roads scattered in the city through an innovative "Internet + AI" model to realize smart parking and fast traffic.

AIpark has a deep insight into the differentiated needs and pain points of smart city parking lots. It is the first company in the world to apply high-level video recognition technology to the field of urban smart parking and static traffic order management. At present, the city-level smart parking solution of Aipark has been implemented in more than 20 cities including Beijing, Shanghai, Guangzhou, Shenzhen, Fuzhou, Chengdu, Xining, Shijiazhuang, etc., and it also covers 2000+ commercial parking smart parking projects in first- and second-tier cities.

Wu Fushen, partner and managing director of China Zhongji Investment, believes that smart parking, as an important livelihood project, is an important part of the country's new infrastructure construction. With the advancement of new infrastructure such as 5G, Internet of Things, big data, and artificial intelligence, smart parking will be promising. Aipark started early and developed rapidly. It has accumulated a lot of high-quality successful cases in this field, with high industry barriers and high growth potential.

Yang Xiaoying, partner and managing director of China Zhongji Investment, said that smart cities and smart transportation are the tracks that China Zhongji pays great attention to. We are particularly concerned about the efficiency improvement and model transformation of urban transportation by cutting-edge technologies such as AI and big data. AIpark's innovative use of high-position cameras solves the pain points of government administrators that are difficult to collect parking fees and management is inefficient, and brings convenient and unobstructed parking management solutions to C-end citizens, creating huge social benefits. At the same time, the company's business model continues to be optimized, and the product reuse has been verified. The functions have been smoothly extended from road test parking management to parking violation management and security management, and from road test public parking management to commercial parking management and C-end users Operation, the imagination is huge. We continue to be optimistic about the development prospects of AIpark as a leading enterprise in China's city-level static traffic management, and look forward to the company's greater contribution to China's smart transportation construction!