Metropolis Technologies

Metropolis Technologies, an American artificial intelligence company founded by former ParkMe CEO Alexander Israel with co-founders Travis Kell, Peter Fisher, and Courtney Fukuda, uses computer vision and deep-learning algorithms to automate payment for services via vehicle, device, biometric, and behavioral data. The company raised $167 million in Series B funding in June 2022 and closed a $1.5 billion deal for a parking company in June 2024, expanding into verticals such as drive-through restaurants, gas stations, and hotels.

fix: website names for 2022, 2024 LA Business refs | ← Older revision | Revision as of 20:58, 11 August 2026 | || | One intermediate revision by the same user not shown | ||| | Line 7: | Line 7: | || |Description=American technology company using personally-identifying information and AI to automate payment for services. | |Description=American technology company using personally-identifying information and AI to automate payment for services. | || }} | }} | || Metropolis Technologies is an American Artificial Intelligence technology company that uses vehicle, device, biometric, and behavioral data to automate payment for services on behalf of registered users using computer vision and deep-learning algorithms.<ref name="la-business-2022" {{Cite web |author=Mark R. Madler |title=Metropolis Raises $167M Series B Funding |url=https://labusinessjournal.com/technology/metropolis-raises-167m-series-b-funding |website= | Metropolis Technologies is an American Artificial Intelligence technology company that uses vehicle, device, biometric, and behavioral data to automate payment for services on behalf of registered users using computer vision and deep-learning algorithms.<ref name="la-business-2022" {{Cite web |author=Mark R. Madler |title=Metropolis Raises $167M Series B Funding |url=https://labusinessjournal.com/technology/metropolis-raises-167m-series-b-funding |website=LA Business Journal |date=27 June 2022 |access-date=9 Aug 2026 |url-status=live |archive-url=https://web.archive.org/web/20260809201751/https://labusinessjournal.com/technology/metropolis-raises-167m-series-b-funding |archive-date=9 Aug 2026}}</ref <ref name="metropolis-privacy-policy" {{Cite web |author= |title=Privacy Policy |url=https://www.metropolis.io/privacy |website= Metropolis Technologies |date=2 June 2026 |access-date=9 Aug 2026 |url-status=live |archive-url=https://web.archive.org/web/20260809200459/https://www.metropolis.io/privacy |archive-date=9 Aug 2026}}</ref | || Founded by former ParkMe CEO Alexander Israel with co-founders Travis Kell, Peter Fisher and Courtney Fukuda,<ref name="wired-parkme" {{Cite web |author=Sarah Mitroff |title=Solving Parking Woes, One App at a Time |url=https://www.wired.com/2013/02/parking-parkme |website=Wired |date=11 Feb 2013 |access-date=9 Aug 2026 |url-status=live |archive-url=https://web.archive.org/web/20260809190332/https://www.wired.com/2013/02/parking-parkme |archive-date=9 Aug 2026}}</ref <ref name="la-business-2024" {{Cite web |author=Steve Crighton |title=Metropolis, Eyeing Growth, Closes $1.5B Deal for Parking Company |url=https://labusinessjournal.com/featured/metropolis-eyeing-growth-closes-1-5b-deal-for-parking-company |website= | Founded by former ParkMe CEO Alexander Israel with co-founders Travis Kell, Peter Fisher and Courtney Fukuda,<ref name="wired-parkme" {{Cite web |author=Sarah Mitroff |title=Solving Parking Woes, One App at a Time |url=https://www.wired.com/2013/02/parking-parkme |website=Wired |date=11 Feb 2013 |access-date=9 Aug 2026 |url-status=live |archive-url=https://web.archive.org/web/20260809190332/https://www.wired.com/2013/02/parking-parkme |archive-date=9 Aug 2026}}</ref <ref name="la-business-2024" {{Cite web |author=Steve Crighton |title=Metropolis, Eyeing Growth, Closes $1.5B Deal for Parking Company |url=https://labusinessjournal.com/featured/metropolis-eyeing-growth-closes-1-5b-deal-for-parking-company |website=LA Business Journal |date=17 June 2024 |access-date=9 Aug 2026 |url-status=live |archive-url=https://web.archive.org/web/20260809195154/https://labusinessjournal.com/featured/metropolis-eyeing-growth-closes-1-5b-deal-for-parking-company |archive-date=9 Aug 2026}}</ref the company began as a means of managing paid parking sessions, but has since sought to expand its operations by licensing its technology in new verticals, including drive-through restaurants, gas stations, and hotels.<ref name="beyond-AI-lots" {{Cite web |author=Krystal Hu |title=Metropolis raises $1.6 billion to expand beyond AI-powered parking lots |url=https://www.reuters.com/business/media-telecom/softbank-backed-metropolis-raises-16-bln-expand-beyond-ai-powered-parking-lots-2025-11-06/ |website=Reuters |date=6 Nov 2025 |access-date=9 Aug 2026 |url-status=live |archive-url=https://web.archive.org/web/20260809194358/https://www.reuters.com/business/media-telecom/softbank-backed-metropolis-raises-16-bln-expand-beyond-ai-powered-parking-lots-2025-11-06/ |archive-date=9 Aug 2026}}</ref | || ==Consumer-impact summary== | ==Consumer-impact summary== | || | Line 22: | Line 22: | || ===Market control=== | ===Market control=== | || Metropolis Technologies has been able to quickly establish itself as North America's leading parking management service by means of expanding its presence via acquisition of existing parking management companies. Two of its largest growth buyouts to date include the acquisition of the Nashville-based parking management company ''Premier Parking'' for an undisclosed amount in 2022, as well as the take-private acquisition of ''SP Plus'' in 2024.<ref name="la-business-2024" </ref <ref name="metropolis-buys-premier-parking" {{Cite web |author= |title=Metropolis acquires Nashville-based Premier Parking |url=https://mainstreetmediatn.com/articles/mainstreetnashville/metropolis-acquires-nashville-based-premier-parking/ |website= | Metropolis Technologies has been able to quickly establish itself as North America's leading parking management service by means of expanding its presence via acquisition of existing parking management companies. Two of its largest growth buyouts to date include the acquisition of the Nashville-based parking management company ''Premier Parking'' for an undisclosed amount in 2022, as well as the take-private acquisition of ''SP Plus'' in 2024.<ref name="la-business-2024" </ref <ref name="metropolis-buys-premier-parking" {{Cite web |author= |title=Metropolis acquires Nashville-based Premier Parking |url=https://mainstreetmediatn.com/articles/mainstreetnashville/metropolis-acquires-nashville-based-premier-parking/ |website=Main Street Nashville |date=30 Mar 2022 |access-date=10 Aug 2026 |url-status=live |archive-url=https://web.archive.org/web/20260810230622/https://mainstreetmediatn.com/articles/mainstreetnashville/metropolis-acquires-nashville-based-premier-parking |archive-date=10 Aug 2026}}</ref | || ==Incidents== | ==Incidents== | || This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the :Category:{{FULLPAGENAME}}|{{PAGENAME}} category . | This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the :Category:{{FULLPAGENAME}}|{{PAGENAME}} category . |