MyPark Corp.
MyPark Corp. is a Miami-based IoT platform that monetizes and enforces premium parking spaces at malls, condos, and hotels via patented barrier arms, mobile/web reservation apps, and an integrated admin platform with AI-powered customer support.
- Company typePrivate
- Founded2014
- HeadquartersMiami, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What MyPark Corp. does
MyPark Corp., founded in 2014 in Miami, Florida, operates an IoT-based premium parking reservation and enforcement platform that combines patented physical barrier hardware with mobile and web software. At each participating parking spot, a battery-powered, weather-resistant mechanized barrier arm communicates with the MyPark mobile app (iOS/Android) and web app (accessible via QR code) to enforce access: the arm remains raised until a user with a valid reservation taps "Let Me In," and automatically lifts when the vehicle departs. An admin platform provides property managers with unit management, real-time analytics, rate configuration, occupancy monitoring, and integrated payments processing via Stripe Connect. The company has expanded its surface area with Parky, a 24/7 multilingual AI agent integrated with the hardware, and an EV charging enforcement module launched in August 2025 at the Radisson Hotel Dubai DAMAC Hills.
MyPark targets three primary verticals: shopping malls and retail centers (including Plaza Las Americas, Plaza Carolina, and Dadeland Mall), condominiums and residential properties (with Kennedy House as a 229-unit case study claiming up to 80% valet cost reduction), and hotels and hospitality (with Radisson Dubai as flagship). Secondary targeted segments include airports, stadiums, hospitals, municipalities, universities, and EV charging operators. Revenue is generated through convenience/transaction fees paid by end users for premium reservations, hardware and platform sales or licensing to property owners (who retain 100% of parking revenue), and franchise fees for protected geographic territories internationally. Distribution combines a product-led growth self-serve app funnel, a direct enterprise sales motion led by a dedicated VP of Sales, and a global franchise channel for geographic expansion across the US, Puerto Rico, UAE, and Jamaica.
The company holds three patents covering reservation and enforcement technology alongside multiple US and international trademarks, won the 2022 Miami Chamber South Business Excellence Award for Innovation and Technology, and reports over 500,000 cumulative users and ROI of 3-6 months for most property clients. Operating with 1-10 employees on $2.1M of disclosed funding from a 2018 round, MyPark remains a small, founder-led operator scaling through product breadth (EV charging, AI agent, franchise) and selective international partnerships rather than large institutional capital deployment.
MyPark Corp. firmographics
Firmographics- Name
- MyPark Corp.
- Legal name
- MyPark corp.
- Website
- https://usemypark.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- MyPark Corp. is a Miami-based IoT platform that monetizes and enforces premium parking spaces at malls, condos, and hotels via patented barrier arms, mobile/web reservation apps, and an integrated admin platform with AI-powered customer support.
- Ownership category
- akta.pro rank
MyPark Corp. industry classification
Industry- Product category
- IoT Smart Parking Solutions
- NAICS
- Parking Lots and Garages (81293)
- SIC
- Services-Automotive Repair, Services & Parking (7500)
- akta.pro primary industry
- Smart Parking Technology Platforms (Occupancy Sensors, Guidance, Reservations, Analytics) (TLAJAIAC)
- akta.pro secondary industries
- Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB), Parking Management & Enforcement (Citations, Permits, Compliance) (BPABAKAB), Shared Parking & Marketplace Platforms (B2B/B2C Space Sharing, Aggregators) (TLAJAIAH)
Keywords
Where MyPark Corp. is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MyPark Corp. business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- Parking Transaction Fees: Users pay a convenience fee to reserve and access premium parking spots. The fee is clearly displayed in the app for each location. Payment is processed when the user leaves the space, with a hold placed on the card at reservation time.
- Property Management Hardware & Services: MyPark provides IoT parking barrier hardware, installation, software platform, and ongoing support to property owners (condos, malls, hotels). Property managers retain 100% of parking revenue while MyPark provides the enforcement and collection infrastructure.
- Franchise Fees: MyPark offers franchise opportunities for operators in protected territories globally. Franchisees pay to join the network and gain access to proven technology, training, and support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | First-time user free trial |
| Usage-based | Pay-as-you-go | Per-transaction parking fees |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels7 records
MyPark Corp. product offering
Product offeringCore offering
MyPark sells an IoT-based premium parking ecosystem: drivers find and reserve premium spots via a mobile/web app and pay per transaction, while property owners purchase patented mechanized parking-arm hardware, the MyPark Admin Platform, and ongoing support to physically enforce individual spots, automate access, and collect revenue (including from EV charging stations). The system is supported by the Parky AI agent for 24/7 customer service and is sold both directly to property operators and via a global franchise program.
Product overview
MyPark is a premium self-parking platform consisting of four main components: (1) MyPark Mobile App (iOS/Android) for consumer parking reservations, (2) MyPark Web App for QR-based access without app installation, (3) MyPark Enforcement Device—an IoT parking arm that automates physical access control, and (4) MyPark Admin Platform for property management. The ecosystem is enhanced by Parky, an AI agent providing 24/7 customer support integrated with the hardware. An EV Charging Enforcement module extends functionality to electric vehicle spaces. The company also offers franchise opportunities for global expansion.
Differentiator
Problem solved
Functional benefit
Products and services
- MyPark Mobile App iOS and Android mobile application that lets individual drivers find, reserve (up to 6 months in advance), and access premium parking spaces via smartphone, with features such as instant booking, real-time spot availability, and "Let Me In" arm-lowering functionality. Available on the Apple App Store (id982549968) and Google Play (com.sdsol.myparkclient.activities).
- MyPark Web App Browser-based parking reservation platform accessed by scanning QR codes at MyPark locations. Lets users book and access parking spaces without installing the mobile app, and can be embedded in a property's own mobile application.
- MyPark Enforcement Device (IoT Parking Arm) Patented, battery-powered mechanized barrier installed at each premium parking spot. Communicates with the mobile app, lowers when the user taps "Let Me In", and automatically raises when the vehicle departs. Weather-resistant and suitable for indoor and outdoor installation. Sold to property owners as part of the MyPark enforcement infrastructure.
- MyPark Admin Platform Property management dashboard providing unit management, real-time analytics, user data, rate management, occupancy monitoring, user permissions, alert monitoring, and full usage/transaction reports with payment processing (via Stripe Connect). Designed for property managers, HOAs, hotels, and mall operators using the MyPark system.
- Parky AI Agent 24/7 AI-powered customer service agent integrated with MyPark's IoT parking hardware. Provides instant booking, support resolution, revenue projections for property managers, app guidance, and multilingual support in English, Spanish, Portuguese, and Arabic. Builds a real-world AI ecosystem by bridging digital conversations with physical parking-arm automation. Free to all users.
- MyPark EV Charging Enforcement Enforcement and monetization solution for EV charging stations that reserves spots exclusively for registered EV owners through a dedicated MyPark lot. Supports monetization via free charging for reasonable time followed by fee, or hourly rates to recoup electricity costs and generate revenue.
- MyPark Franchise Program Global franchise opportunity that licenses partners to deploy the MyPark parking solution in protected territories (countries, states, or provinces). Includes the proven technology, training, support, and access to a recurring revenue business model.
Quantifiable outcome
- Revenue up to $4,800+ per space annually for property owners
- +4 more outcomes
Companies that use MyPark Corp.
Customer profileNamed customers7 records
Segments8 records
Ideal customer profiles5 records
MyPark Corp. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature6 records
MyPark Corp. partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- Radisson Hotel Dubai DAMAC HillsflagshipLaunch partner for world's first enforced and monetized EV charging site. MyPark installed its innovative premium parking solution with smart barriers at the Radisson Hotel Dubai DAMAC Hills property, enabling preventive enforcement of EV charging stations with AED 25/hour rates.
- Kennedy House Condo (North Bay Village)coreCase study property demonstrating MyPark's ability to eliminate valet costs and boost HOA revenue. The 229-unit waterfront property successfully implemented MyPark's IoT solution, replacing expensive valet operations with automated enforcement.
- Stripe ConnectcorePayment processing integration enabling property managers to receive payments directly into their bank accounts. Stripe Connect handles payment processing and failed payment retries with reports.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
MyPark Corp. competitors and assessment
Company assessmentDirect peers
- SpotHero: SpotHero is a leading North American parking reservation marketplace allowing drivers to find and book off-street parking in advance. It is the most direct competitor to MyPark on the consumer reservation side and overlaps heavily on MyPark's mall, airport, and event-venue use cases, though SpotHero does not deploy its own barrier hardware.
- ParkMobile: ParkMobile (now operating under Arrive) is a widely deployed parking payments and reservation app across North America. It is directly comparable to MyPark on the consumer-facing reservation and payment flow, with stronger scale and broader geographic coverage but no proprietary barrier hardware.
- FlashParking: FlashParking provides cloud-based parking management and access-control technology to parking operators and property owners. It is comparable to MyPark's admin platform and hardware-side enforcement proposition, particularly in garages and mixed-use properties, with a stronger enterprise sales motion.
- PayByPhone: PayByPhone is a global mobile parking payments app used by millions of drivers. It overlaps with MyPark on the consumer-side payment and reservation experience, especially in on-street and municipal contexts where MyPark's barrier hardware is less applicable.
- Metropolis: Metropolis operates checkout-free, premium parking experiences at hotels, residential, and commercial properties using computer vision and IoT. It is comparable to MyPark's premium self-parking, valet-replacement positioning, and condo/hotel verticals, with a deeper technology stack but different hardware approach.
Broad incumbents
- T2 Systems: T2 Systems is an established provider of parking management software, hardware, and services for universities, municipalities, airports, and commercial operators. It is comparable as a broad incumbent serving the same enterprise property-owner buyer with overlapping enforcement and revenue-management capabilities.
- Flowbird Group: Flowbird is a global provider of smart parking meters, pay-and-display terminals, and urban mobility solutions. It is comparable to MyPark's on-street/municipal and reservation-platform ambitions, with substantially larger international footprint and broader transit integrations.
- SKIDATA: SKIDATA is a global leader in access control and revenue management for parking, ski resorts, and attractions. It is comparable to MyPark's hardware-driven enforcement model for garages and premium venues, with deeper enterprise relationships and global reach but at a much larger scale.
- Amano McGann: Amano McGann provides parking access, revenue control, and management solutions across North America. It is comparable as a broad incumbent in the same parking enforcement and management category as MyPark, primarily serving enterprise garages and university/healthcare segments.
Emerging players
- ChargePoint: ChargePoint operates the largest EV charging network in North America and is rapidly building software-driven reservation and enforcement features. It is comparable to MyPark's emerging EV charging enforcement module as a future competitive force in the same EV-monetization niche.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
MyPark Corp. social profiles
Digital presenceMyPark Corp. financial estimates
Financial estimateRevenue estimate
Valuation estimate
MyPark Corp. leadership team
Management profileNumber of profiles
Profiles5 records
MyPark Corp. funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MyPark Corp. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MyPark Corp.
What does MyPark Corp. do?
MyPark sells an IoT-based premium parking ecosystem: drivers find and reserve premium spots via a mobile/web app and pay per transaction, while property owners purchase patented mechanized parking-arm hardware, the MyPark Admin Platform, and ongoing support to physically enforce individual spots, automate access, and collect revenue (including from EV charging stations). The system is supported by the Parky AI agent for 24/7 customer service and is sold both directly to property operators and via a global franchise program.
Is MyPark Corp. a public or private company?
MyPark Corp. is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MyPark Corp. founded?
MyPark Corp. was founded in 2014. It employs 1 to 10 people.
Where is MyPark Corp. based?
MyPark Corp. is headquartered in Miami, United States, in the North America region.
How does MyPark Corp. make money?
Three revenue lines are on record. Parking Transaction Fees are the primary driver. The others are property Management Hardware & Services and franchise Fees.
Who are MyPark Corp.'s main competitors?
Direct peers on record are SpotHero, ParkMobile, FlashParking, PayByPhone and Metropolis. Broad incumbents are T2 Systems, Flowbird Group, SKIDATA and Amano McGann. ChargePoint is listed as an emerging player.
Does MyPark Corp. have an API?
No public API is recorded for MyPark Corp..
What industry is MyPark Corp. in?
MyPark Corp.'s product category is IoT Smart Parking Solutions. Its primary akta.pro industry code is TLAJAIAC, Smart Parking Technology Platforms (Occupancy Sensors, Guidance, Reservations, Analytics), with a secondary code of TLAJAIAB, Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride). Its NAICS code is 81293 and its SIC code is 7500.