Toronto, ON – Parkalytics Inc. has announced a new phase of growth in its drone-based transportation data business. Jointly announced with a successful investment round, the company has appointed CurbIQ co-founder Peter Richards as its first Chief Executive Officer, along with several other newly hired roles.

Richards brings more than 22 years of experience in transportation and parking, having led major curbside management and parking strategies across North America. He also successfully co-founded and scaled curbside management software platform CurbIQ, serving as Product Director during its first six years.

“Parkalytics has already delivered studies covering tens of thousands of parking spaces and nearly a million individual parking observations across multiple continents,” said Richards. “That kind of foundation demonstrates both the accuracy and scalability of our drone and analytics platform. My vision is clear: continue building on that momentum, expand our partnerships, and ensure Parkalytics becomes the go-to source for parking insights.”

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“Peter was the clear choice for CEO in our next stage of growth. He has tremendous industry experience, both in terms of his catalogue of projects and his product leadership with CurbIQ.” said Parkalytics co-founder Michael Thoreau. “With his track record of building innovative solutions and forging strong partnerships, we are confident he will lead Parkalytics to new heights.”

In addition, Sasha Naylor has joined Parkalytics as Vice President, Client Success. Naylor has a proven track record of entrepreneurship, having launched, scaled, and successfully exited two high-growth businesses from inception to more than 40 employees and $2M+ in annual revenue. Additionally, Naylor spent more than a decade as a transportation engineer, managing large-scale infrastructure and mobility projects spanning parking, road management, and safety.

About Parkalytics
Parkalytics is a drone parking data and software company, providing highly granular analysis across cities and surface parking lots. Parkalytics’ proprietary machine learning algorithms can robustly determine parking utilization, vehicle turnover, and parking duration, all without collecting any personally identifiable information i.e. License Plates.  Parkalytics has worked in 3 continents, and provided studies for companies including WSP, Nelson\Nygaard, and SmartCentres REIT. Learn more at https://www.parkalytics.com/