5th place: Also among the top 5 startups of the third quarter is WemoloTheir parking management solution is based on image recognition technology with artificial intelligence. The startup uses it to automate the processing and billing of parking transactions in paid and unpaid parking spaces. The use of license plate scanners is intended to make conventional parking systems with barriers, parking tickets, and inspectors obsolete. CIBC Innovation Banking is also impressed by Wemolo's solution and is providing the Munich-based startup with an unspecified sum available. (Photo: Wemolo)