Metropolis Technologies, Inc.

Metropolis Technologies, Inc. is a pioneering American technology company specializing in artificial intelligence (AI) and computer vision solutions aimed at revolutionizing the parking and mobility sectors.

Founded in 2017 by CEO Alexander Israel and co-founders Travis Kell, Peter Fisher, and Courtney Fukuda, the company is headquartered in Santa Monica, California.

Company Growth and Impact

Metropolis leverages advanced computer vision technology to offer a seamless "drive in and drive out" payment experience. This eliminates the need for cash or credit cards, enhancing customer satisfaction.

The technology also creates significant revenue opportunities for real estate operators. As of 2024, Metropolis manages over 4,000 locations and employs more than 20,000 individuals, making it the largest parking operator in North America.

Strategic Acquisitions and Funding

In 2022, Metropolis expanded by acquiring Premier Parking, a Nashville-based company, further strengthening its industry presence.

In 2023, the company secured $1.8 billion in funding from investors like Eldridge Industries and 3L Capital. This funded the acquisition of SP Plus Corporation for $1.5 billion, completed in May 2024.

These moves positioned Metropolis as the largest parking network in North America, now boasting more than 4,600 locations.

Technology and Reach

The AI-driven platform streamlines the parking experience and offers real estate partners benefits like increased transparency, reduced operational costs, and improved revenue generation.

Metropolis's technology is deployed throughout the United States, serving over 50 million customers and processing more than $5 billion in payments annually.

Locations

Aside from its headquarters in Santa Monica, California, Metropolis operates in multiple major cities, including:

• Warren, MI, USA
• Houston, TX, USA
• Fort Worth, TX, US
• Detroit, MI, US
• Nashville, TN, USA
• Dallas, TX, USA
• Huntsville, AL, USA
• Oakland, CA, USA
• Knoxville, TN, USA
• Aurora, CO, USA
• Colorado Springs, CO, USA
• Orlando, FL, USA
• Miami, FL, USA
• Charleston, SC, USA
• New York City, Chicago, and Seattle