SPACES
SPACES provides integrated license plate recognition and mobile-based touchless parking access and payment (SPACESpass™) for gated and valet facilities, serving enterprise property owners across commercial real estate, airports, hospitals, and hospitality via direct field sales on a transaction-fee revenue model.
- Company typePrivate
- Founded2014
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What SPACES does
SPACES (legal entity Spaces Operations, LLC) is a New York-based parking technology company founded in 2014 that provides integrated License Plate Recognition (LPR) and mobile access/payment solutions for gated and valet parking facilities. Its flagship offering, SPACESpass™, enables parkers to enter, exit, and pay for parking using a phone number, SMS, or the proprietary app — eliminating paper tickets and reducing dependency on traditional Parking Access and Revenue Control (PARC) hardware. The platform attaches to existing gates and pairs LPR-driven vehicle identification with a cloud-based Operator Portal that delivers real-time transaction monitoring, tenant validation pages, end-of-month financial reporting, and 24/7 customer support.
The company's product surface spans Gated Parking (LPR-enabled entry/exit), Valet Parking (handheld with integrated LPR and damage photo capture), Dynamic Pricing digital signage, flexible Parking Passes, and an Open API for third-party integrations, with an EV-charging add-on built through a partnership with Invisible Urban. SPACES sells direct to enterprise customers via field sales, targeting eight primary verticals: commercial real estate, airports, hospitals, hospitality, retail, stadiums, universities, and residential properties. Disclosed enterprise case studies include Martin Selig Real Estate (six facilities, 4,830 vehicles/month), Salesforce Tower Indianapolis (1,644 vehicles/month, ~$104,500 in Q3 2024), and Mary Brickell Village in Miami.
SPACES generates revenue primarily through transaction-based fees — a percentage or fixed amount per parking transaction plus convenience fees on top of operator-set rates. Operating geographies include the United States and the United Kingdom. The leadership team blends co-founders (Sourabh Sen as CEO, Allison Sen as CMO, Jerry Skillett as Chief Mentor) with recently added senior executives including CFO Dennis McVeigh, Vice Chairman Steven Saslow (ex-Blackstone/HSBC), and CSO Samuel Haber, indicating a transition toward institutional scale.
SPACES firmographics
Firmographics- Name
- SPACES
- Legal name
- Spaces Operations, LLC
- Website
- https://spacesusa.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SPACES provides integrated license plate recognition and mobile-based touchless parking access and payment (SPACESpass™) for gated and valet facilities, serving enterprise property owners across commercial real estate, airports, hospitals, and hospitality via direct field sales on a transaction-fee revenue model.
- Ownership category
- akta.pro rank
SPACES industry classification
Industry- Product category
- Parking Technology
- NAICS
- Parking Lots and Garages (812930), Parking Lots and Garages (81293)
- SIC
- Services-Automotive Repair, Services & Parking (7500)
- akta.pro primary industry
- Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD)
- akta.pro secondary industries
- Digital Payments & Enforcement for Parking (Mobile Pay, LPR/ANPR, Citation Mgmt) (TLAJAIAE), Parking & Toll Payment/Reservation Platforms (BPAMAIAL), Mobility Technology Systems (Parking Systems, Apps, LPR, Access Control) (EDALAKAL)
Keywords
Where SPACES is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SPACES business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction-based Parking Fees: SPACES facilitates payment processing for parking services at partner facilities. Fees are collected as a percentage or fixed amount per transaction when parkers use the SPACESpass™ system to enter, exit, and pay for parking. The company charges convenience fees in addition to parking rates set by facility operators.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
SPACES product offering
Product offeringCore offering
SPACES provides touchless parking access and payment technology for gated and valet parking facilities through its proprietary SPACESpass™ system. The platform combines integrated License Plate Recognition (LPR) with mobile phone-based entry, allowing parkers to enter and pay using a phone number without tickets, paper, or new app downloads. The company sells and licenses this hardware-software platform to property owners and operators across real estate, airports, hospitals, hospitality, retail, stadiums, universities, and residential sectors.
Product overview
SPACES is a parking technology platform offering integrated License Plate Recognition (LPR) solutions for gated and valet parking operations. The core product is the SPACESpass™ touchless entry/exit/payment system, which enables parkers to access and pay for parking using their phone number or the proprietary mobile app without tickets. The platform comprises Gated Parking (LPR-enabled entry/exit for facilities with gates), Valet Parking (handheld-based system with integrated LPR), Dynamic Pricing displays, an Operator Portal for real-time management and reporting, flexible Parking Passes (monthly/transient/hybrid), EV Charging Capability through Invisible Urban partnership, and an Open API for third-party integrations. Together these components form a unified, ticketless, and paperless parking ecosystem designed for real estate, airports, hospitals, and other property types.
Differentiator
Problem solved
Functional benefit
Brands
- SPACESpass™: Touchless entry/exit/payment system allowing parkers to enter/exit parking facilities and pay using a telephone number, text message services, or the Spaces proprietary app.
Products and services
- SPACESpass™ Touchless entry/exit/payment system allowing parkers to enter and exit partnering parking facilities and pay for parking using a telephone number, text message services, or the Spaces proprietary mobile app.
- Gated Parking Solution Integrated LPR technology solution for gated parking facilities that attaches to existing gates, enabling fully-digital validations, 100% paperless operations, and phone number or QR code-based entry and exit for parking operators.
- Valet Parking Solution Handheld-based valet parking system with integrated LPR that automatically populates vehicle details, enables photo capture of existing damage for damage claim minimization, and streamlines vehicle check-in/check-out operations at valet facilities.
- Operator Portal Cloud-based operator dashboard providing live transaction monitoring, real-time facility usage data, comprehensive end-of-month financial reports, tenant pages, and 24/7 customer care access for parking operators.
- Parking Passes Flexible parking pass options including monthly, transient, and hybrid passes designed to accommodate various property needs.
- EV Charging Capability Electric vehicle charging infrastructure developed in partnership with Invisible Urban, integrated into SPACES-enabled parking facilities to expand parking solutions ecosystem with EV charging.
Quantifiable outcome
- 98% of vehicles enter and exit within 6 seconds
- +5 more outcomes
Companies that use SPACES
Customer profileNamed customers3 records
Segments8 records
Ideal customer profiles2 records
SPACES technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature7 records
SPACES partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Invisible UrbanminorSPACES partnered with Invisible Urban to build out EV charging infrastructure, expanding their parking solutions ecosystem to include electric vehicle charging capabilities for partner facilities.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
SPACES competitors and assessment
Company assessmentDirect peers
- PayByPhone: PayByPhone (owned by Modaxo/Volkswagen) is a leading mobile parking payment provider active in thousands of cities worldwide. It overlaps directly with SPACES on mobile-pay-based parking access and competes for the same operator RFPs, particularly in airports, hospitals, and municipalities.
- Flowbird (Parkeon): Flowbird (formerly Parkeon) is a global provider of parking terminals, pay-and-display machines, mobile apps, and back-office software. It directly overlaps with SPACES on mobile-pay and PARCS modernization and competes for the same airport, hospital, and municipality RFPs in North America and Europe.
- SpotHero: SpotHero operates a digital parking marketplace and management platform with mobile reservation, payment, and operator tools across thousands of U.S. garages and lots. It competes with SPACES on the same enterprise parking-operator customers and overlaps on touchless mobile entry and dynamic pricing.
- T2 Systems: T2 Systems is one of the largest North American providers of Parking Access and Revenue Control Systems (PARCS), serving universities, hospitals, airports, and commercial operators. It is the closest traditional incumbent to SPACES on the LPR/PARCS replacement value proposition.
- ParkMobile: ParkMobile is one of the largest mobile parking payment and reservation platforms in North America, offering LPR-enabled access, mobile pay, and operator dashboards. It directly competes with SPACES' SPACESpass™ touchless entry/exit/payment proposition for the same parking operator and real estate customer base.
- Passport Labs: Passport provides a unified mobility and parking management platform spanning mobile payments, enforcement, permits, and PARCS for cities and operators. It competes with SPACES' operator-portal-plus-mobile-pay stack for the same real estate, airport, and municipal customers.
Broad incumbents
- ABM Industries (ABM Parking Services): ABM Industries is a large U.S. facility services provider that operates and manages parking facilities (including through its ABM Parking Services division) across commercial real estate, airports, and healthcare. It is a broad incumbent that overlaps with SPACES' customer verticals and increasingly offers technology-enabled parking management.
- Imperial Parking (Impark): Impark is one of the largest North American parking management and operations companies, operating thousands of parking facilities across commercial real estate, hospitals, airports, and universities. As a broad incumbent operator, it both competes with SPACES' operator customers and increasingly sources LPR/PARCS technology solutions from vendors like SPACES.
Regional players
- EasyPark Group: EasyPark is a European-headquartered mobile parking payments and operator-services platform operating across dozens of countries. It is highly comparable in technology stack and customer type to SPACES, but competes geographically primarily in Europe rather than the U.S.
Emerging players
- Flash (formerly ParkWhiz): Flash is a digital parking platform combining reservation, mobile payment, and operator management tools for U.S. commercial real estate and event venues. It overlaps with SPACES on touchless entry/exit and operator dashboards but is more weighted toward event and pre-book use cases.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
SPACES social profiles
Digital presenceSPACES financial estimates
Financial estimateRevenue estimate
Valuation estimate
SPACES leadership team
Management profileNumber of profiles
Profiles12 records
SPACES funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SPACES 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 SPACES
What does SPACES do?
SPACES provides touchless parking access and payment technology for gated and valet parking facilities through its proprietary SPACESpass™ system. The platform combines integrated License Plate Recognition (LPR) with mobile phone-based entry, allowing parkers to enter and pay using a phone number without tickets, paper, or new app downloads. The company sells and licenses this hardware-software platform to property owners and operators across real estate, airports, hospitals, hospitality, retail, stadiums, universities, and residential sectors.
Is SPACES a public or private company?
SPACES is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was SPACES founded?
SPACES was founded in 2014. It employs 11 to 50 people.
Where is SPACES based?
SPACES is headquartered in New York, United States, in the North America region.
How does SPACES make money?
One revenue line is on record: transaction-based Parking Fees.
Who are SPACES's main competitors?
Direct peers on record are PayByPhone, Flowbird (Parkeon), SpotHero, T2 Systems, ParkMobile and Passport Labs. Broad incumbents are ABM Industries (ABM Parking Services) and Imperial Parking (Impark). EasyPark Group is listed as a regional player. Flash (formerly ParkWhiz) is listed as an emerging player.
Does SPACES have an API?
Yes. SPACES offers an open API that allows access to their parking platform. The API enables partners and developers to integrate with SPACES technology, adapt and evolve alongside the parking industry. The Terms of Use state that users may not develop third-party applications that interact with user content or the Spaces Material, suggesting the API is available for partner/integration purposes but with usage restrictions.
What industry is SPACES in?
SPACES's product category is Parking Technology. Its primary akta.pro industry code is TLAJAIAD, Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing), with a secondary code of TLAJAIAE, Digital Payments & Enforcement for Parking (Mobile Pay, LPR/ANPR, Citation Mgmt). Its NAICS code is 812930 and its SIC code is 7500.