3D perception technology developer Foresight Autonomous is collaborating with South Korean companies 7meerkat KONEC to combine AI and 3D perception technology for urban smart parking. 7meerkat is a South Korean smart city management and parking developer. KONEC is a South Korean tier-one automotive supplier.

The companies plan to develop precise AI analysis of vehicle data, automated parking systems, and smart urban mobility enhancements. The solutions will feature AI-driven vehicle identification, including license plate recognition, as well as monitoring for electric vehicles and vehicle conditions such as contamination and damage.

The agreement follows the completion of a proof-of-concept project that assessed the performance of Foresight’s technology in detecting vehicles and pedestrians in parking lots in harsh weather and low-light conditions.

The collaboration will integrate Foresight’s 3D perception technology, using both visible-light and thermal infrared cameras, into 7meerkat’s AI-powered parking and city management systems, with KONEC leading the market promotion. The parties aim to finalise a commercial agreement by the end of the first quarter of 2025.