Industry | Artificial intelligence Parking industry |
---|---|
Founded | 2017 |
Founder | Alexander Israel (CEO) Travis Kell Peter Fisher Courtney Fukuda |
Headquarters | |
Number of employees | 20,000+ (2024) |
Subsidiaries | SP Plus Corporation |
Website | metropolis |
Metropolis Technologies is an American technology company headquartered in Santa Monica, California. As of 2024, it is the largest parking operator in North America. [1]
The company was founded in Venice, Los Angeles in 2017 by CEO Alexander Israel, [2] with co-founders Travis Kell, Peter Fisher and Courtney Fukuda. [3] In 2009, Israel co-founded and served as chief operating officer of ParkMe, a digital parking platform with a real-time database of parking information. [4] ParkMe was acquired by traffic data company Inrix in 2015. [5]
Israel has been included on Los Angeles Business Journal's "20 In Their 20s" list, [6] and the National Parking Association's "40 Under 40" list. [7] In 2024, Ernst & Young named Israel "Entrepreneur of the Year" for Los Angeles. [8]
The company uses computer vision and deep learning algorithms to recognize registered members' vehicles [9] and process payments automatically through a mobile application. [10]
In 2022, Metropolis Technologies acquired the Nashville based company Premier Parking in 2022. As part of the merger, Premier CEO Ryan Hunt joined Metropolis as chief revenue officer. [11]
In 2023, the company raised $1.8 billion in funding, led by investors Eldridge and 3L, [12] before its $1.5 billion acquisition of SP Plus Corporation. [13] The deal was completed in 2024, taking SP Plus private. [14] This merger made it the largest parking operator in North America. [15]
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