When was T2 Systems founded?

T2 Systems was founded in 1994 and raised its 1st funding round 13 years after it was founded.

Where is T2 Systems located?

T2 Systems is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana.

How many employees does T2 Systems have?

As of Aug 31, 2026, the latest employee count at T2 Systems is 255.

Is T2 Systems a funded company?

T2 Systems is a funded company, having raised a total of $31M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 25, 2007.

When was the latest funding round of T2 Systems?

T2 Systems' latest funding was a $***** Series B round on Sep 30, 2011, with participation from 1 investor.

Where does T2 Systems rank among its competitors?

T2 Systems ranks 5th amongst 564 active competitors, of which 65 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Metropolis, which secured $500M in Nov, 2025.

Who are the top competitors of T2 Systems?

T2 Systems' top competitors include Arrive, Park Plus and Streetline. Among them, Metropolis secured the most recent funding round in November, 2025.

T2 Systems - 2026 Company Profile, Funding & Competitors

Q: Is T2 Systems an acquired company?

T2 Systems got acquired by Verra Mobility on Nov 02, 2021.

T2 Systems is an acquired company based in Indianapolis (United States), founded in 1994. It operates as a Provider of parking management software and related technology solutions. T2 Systems has raised $31M in funding from Pamlico Capital and Petra Capital Partners. The company has 564 active competitors, including 65 funded and 43 that have exited. Its top competitors include companies like Arrive, Park Plus and Streetline.

Company Details

Provider of parking management software and related technology solutions. The company delivers tools for enforcement, permit management, and license plate recognition. It offers pay stations, mobile payments, and citation services. The company serves universities, municipalities, private operators, corporate campuses, healthcare systems, and airports.

Website: www.t2systems.com/
Social
Registered Address: Indianapolis, Indiana

Key Metrics

Founded Year

1994

Location

Indianapolis, United States

Stage

Acquired

Total Funding

$31M in 2 rounds

Latest Funding Round

Series B, Sep 30, 2011, $*****

Investors

Pamlico Capital & 5 more

Ranked

5^th among 564 active competitors

Employee Count

255 as on Aug 31, 2026

Investment & Acquisitions

NuPark & 3 more

Similar Companies

Arrive & 652 more

Exit Details

Acquired by Verra Mobility (Nov 02, 2021)

View T2 Systems' full profile

T2 Systems is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
T2 Systems, Inc CIN: 0018y00000AQG5pAAH , United States, Active	Nov 16, 2023	-	-	-
T2 SYSTEMS, INC. CIN: 752533462 , United States, Active	Dec 26, 999	-	182 (As on Dec 31, 2022)	-

T2 Systems got acquired by Verra Mobility on Nov 02, 2021 at an acquisition amount of $*****.

Click here to take a look at T2 Systems's acquisition in detail

T2 Systems has raised a total funding of $31M over 2 rounds. Its first funding round was on Jun 25, 2007. Its latest funding round was a Series B round on Sep 30, 2011 for $*****. 1 investor participated in its latest round. T2 Systems has 6 institutional investors.

Here is the list of recent funding rounds of T2 Systems:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 30, 2011	6109123	Series B	6648063	7368349	4440721	5595118
Jun 25, 2007	4098119	Series A	5261785	3734812	Petra Capital Partners	4234967

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T2 Systems' employee count trend

T2 Systems has 255 employees as of Aug 26. Here is T2 Systems's employee count trend over the years:

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Top competitors of T2 Systems include Arrive, Park Plus and Streetline. Here is the list of Top 10 competitors of T2 Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Arrive 2006, Chicago (United States), Series D	Tech-enabled platform offering parking and mobility management solutions	$65.3M	Hyde Park Venture Partners, Baird Capital ... & 20 others	78/100
2nd	Park Plus 2019, Gurugram (India), Series C	Provider of vehicle-related services, including FASTag, challan, insurance, and parking	$51.8M	Peak XV Partners, Epiq Capital & 62 others	70/100
3rd	Streetline 2005, San Mateo (United States), Acquired	AI-enabled parking management solution	$59.3M	True Ventures, Citi & 6 others	68/100
4th	FlashParking 2011, Austin (United States), Series D	SaaS-enabled platform offering parking management systems	$314M	L Catterton, Baird Capital & 11 others	65/100
5th	T2 Systems 1994, Indianapolis (United States), Acquired	Provider of parking management software and related technology solutions	$31M	Pamlico Capital, Jupiter Peak & 4 others	61/100
6th	Metropolis 2017, Santa Monica (United States), Series D	Developer of computer vision technology for automated vehicle parking management	$833M	3L Capital, Zigg Capital & 28 others	61/100
7th	Cleverciti 2010, Munich (Germany), Acquired	Provider of smart parking and curb management technology and solutions	$36.6M	EnBW New Ventures, SPDG Ventures & 8 others	58/100
8th	Get My Parking 2015, Bengaluru (India), Series A	Provider of a platform for digitizing and automating parking services	$13M	IvyCap Ventures, Beenext & 106 others	58/100
9th	REEF 2013, Miami (United States), Series D	Platform offering parking management and suite solutions for multiple retail and food businesses	$768M	Mubadala, SoftBank & 10 others	58/100
10th	Park Assist 2005, Cheshire (United States), Acquired	Provides parking occupancy analytics and in-parking guidance	-	Partners For Growth, Jolimont Capital	54/100

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T2 Systems has not made any investments yet. T2 Systems has made 4 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 14, 2021	Acquisition	NuPark	2013	Lubbock (United States)
Oct 09, 2018	Acquisition	NuPark	2013	Lubbock (United States)
Jul 17, 2017	Acquisition	ParkingSoft	2006	Norcross (United States)