OpenSpot, an AI-driven parking management platform, has secured $100,000 in funding from Sarmo Ventures. This latest investment values the company at $6 million.
The startup is transforming traditional parking infrastructure from a passive asset into a managed, high-revenue stream. OpenSpot is a member of the first cohort of the Investment Readiness Accelerator (IRA) Tashkent, a program by MOST C-Space Hub and SQB Ventures, supported by the UNDP.
Research shows that up to 20–30% of parking spaces are often occupied by unauthorized users, leading directly to revenue loss and a decline in service quality. OpenSpot tackles this challenge by integrating AI, IoT, and real-time analytics.
Beyond management, the platform enhances the user experience by allowing drivers to locate and book parking spots in advance, significantly reducing the time spent searching for a space.
Proven market traction
The startup is currently demonstrating strong and sustainable growth:
- ~$500K ARR (Annual Recurring Revenue)
- International Presence: Active pilots and implementations across Central Asia, the USA (California), and Mongolia.
- Confirmed B2B Demand: Solid traction and validation from corporate clients.
Previously, the company raised $170,000 from a U.S.-based venture capital fund.
Scaling towards the next milestone
The newly raised funds will be used to scale operations across Central Asia and the United States. The team aims to reach $3M ARR by next year as they prepare for their upcoming Seed round.
Dias Kozhataev, CEO of MOST IT Hub and Co-founder of MOST C-Space Hub:
“OpenSpot is a prime example of a startup that addresses a specific infrastructure problem with a clear economic benefit for the client. During the IRA Tashkent program, the team demonstrated a high level of investment readiness: a sharp focus on the B2B segment, proven traction, and significant potential for international scaling. Such projects are setting a new standard for technological solutions in the region.”
