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About Metropolis
Industries
Automotive & Transportation
Fintech
Real Estate
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$1.2B
Headquarters
Santa Monica, California
Founded
2017
Overview
Metropolis focuses on improving facility management, particularly in the parking sector, by using computer vision technology to facilitate checkout-free payments. This technology allows drivers to park and pay without the need for traditional payment methods, making the process more efficient. Metropolis serves various clients, including real estate owners and valet services, and operates in over 360 cities across North America, processing more than $4 billion in payments each year. Unlike its competitors, Metropolis integrates its platform directly into clients' operations, enhancing productivity and creating new revenue opportunities. The company's goal is to streamline parking experiences and improve asset management for its clients.
Simplify's Take
What believers are saying
- Metropolis raised $167 million to enhance its AI-powered parking platform.
- The acquisition of SP Plus Corporation expands Metropolis's market reach and capabilities.
- Collaboration with smart city initiatives integrates parking with urban mobility systems.
What critics are saying
- Integration challenges with SP Plus could disrupt operations if not managed well.
- Oosto's acquisition may pose brand image risks due to its surveillance technology history.
- Intensifying competition from companies like ParkMobile could impact Metropolis's market share.
What makes Metropolis unique
- Metropolis uses AI and computer vision for seamless, checkout-free parking payments.
- The company integrates its platform into field operations for revenue-generating opportunities.
- Metropolis has expanded to over 360 cities, processing $4 billion in payments annually.
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Funding
Total Funding
$1240.7M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
Benefits
Health Insurance
401(k) Retirement Plan
Disability Insurance
Life Insurance
Stock Options
Performance Bonus
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -3%2 year growth
↓ -4%Oosto, formerly AnyVision, was sold for $125M to Metropolis, primarily in shares. Despite raising $352M, including $25M from SoftBank, Oosto struggled to commercialize its facial recognition tech, with annual revenue at $10M. The sale was influenced by Eldridge Industries, a shareholder in both companies. Oosto faced reputational issues after reports of its tech being used for surveillance, leading to a rebrand and investor withdrawals, including Microsoft and Bosch.
Metropolis Technologies, Inc. (“Metropolis”), a technology company whose computer vision platform enables checkout-free payment experiences, and SP® P
Ft. Lauderdale, FL - According to filings with the U.S. Securities and Exchange Commission, Metropolis Technologies is raising $107,501,776.00 in new funding. Sources indicate as part of senior management Chief Financial Officer, Travis Kell played
Teknoloji dünyasının geleceği olarak görülen yapay zeka farklı alanlarda karşımıza çıkmaya devam ediyor. Yapay zeka ile otopark alanları için ödeme altyapısı sunan bir girişim olarak hizmet veren Metr...
Metropolis, a startup developing a computer vision-powered parking platform, has raised $167 million in a venture funding round.
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About Metropolis
Industries
Automotive & Transportation
Fintech
Real Estate
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$1.2B
Headquarters
Santa Monica, California
Founded
2017
Metropolis is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today