Metropolis Technologies

The company was founded in Venice, Los Angeles in 2017 by CEO Alexander Israel,{{Cite web |last=Mazza |first=Sandy |title=A.I.-tech firm Metropolis acquires Nashville-based Premier Parking |url=https://www.tennessean.com/story/money/2022/03/30/ai-tech-firm-metropolis-acquires-nashville-based-premier-parking/7217847001/ |access-date=2024-11-01 |website=The Tennessean |language=en-US}} with co-founders Travis Kell, Peter Fisher and Courtney Fukuda.{{Cite web |date=2024-06-17 |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/|archive-url=https://web.archive.org/web/20241202162331/https://labusinessjournal.com/featured/metropolis-eyeing-growth-closes-1-5b-deal-for-parking-company/ |archive-date=2024-12-02 |access-date=2024-11-01 |website=Los Angeles Business Journal |language=en-US}} 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.{{Cite news |last=Mitroff |first=Sarah |title=Solving Parking Woes, One App at a Time |url=https://www.wired.com/2013/02/parking-parkme/ |archive-url=https://web.archive.org/web/20241209162928/https://www.wired.com/2013/02/parking-parkme/ |archive-date=2024-12-09 |access-date=2025-01-27 |work=Wired |language=en-US |issn=1059-1028}} ParkMe was acquired by traffic data company Inrix in 2015.{{Cite web |last=Lunden |first=Ingrid |date=2015-09-09 |title=Inrix Buys ParkMe To Add Smart Parking Services To Its Real Time Traffic Data |url=https://techcrunch.com/2015/09/09/inrix-buys-parkme-to-add-smart-parking-services-to-its-real-time-traffic-data/ |archive-url=https://web.archive.org/web/20150910124924/http://techcrunch.com/2015/09/09/inrix-buys-parkme-to-add-smart-parking-services-to-its-real-time-traffic-data/ |archive-date=2015-09-10 |access-date=2025-01-27 |website=TechCrunch |language=en-US}}

Israel has been included on Los Angeles Business Journal's "20 In Their 20s" list,{{Cite web |date=2013-05-12 |title=Twenty in Their 20s: Sam Friedman and Alex Israel |url=https://labusinessjournal.com/news/weekly-news/twenty-their-20s-sam-friedman-and-alex-israel/ |access-date=2025-01-27 |website=Los Angeles Business Journal |language=en-US}} and the National Parking Association's "40 Under 40" list.{{Cite web |title=Meet NPA's 40 Under 40 - Class of 2016 - National Parking Association |url=https://weareparking.org/page/40under40_2016winner |archive-url=http://web.archive.org/web/20220330113203/https://weareparking.org/page/40under40_2016winner |archive-date=2022-03-30 |access-date=2025-01-27 |website=weareparking.org |language=en}} In 2024, Ernst & Young named Israel "Entrepreneur of the Year" for Los Angeles.{{Cite web |title=Entrepreneur Of The Year Greater Los Angeles winners and finalists |url=https://www.ey.com/en_us/entrepreneur-of-the-year-us/greater-los-angeles/winners-finalists |archive-url=https://web.archive.org/web/20240621064228/https://www.ey.com/en_us/entrepreneur-of-the-year-us/greater-los-angeles/winners-finalists |archive-date=2024-06-21 |access-date=2025-01-27 |website=www.ey.com |language=en-US}}

The company uses computer vision and deep learning algorithms to recognize registered members' vehicles{{Cite news |last=Madler |first=Mark R. |date=June 27, 2022 |title=Metropolis Raises $167M Series B Funding |url=https://labusinessjournal.com/technology/metropolis-raises-167m-series-b-funding/|archive-url=https://web.archive.org/web/20241213171931/https://labusinessjournal.com/technology/metropolis-raises-167m-series-b-funding/ |archive-date=2024-12-13 |work=LA Business Journal}} and process payments automatically through a mobile application.{{Cite web |title=Metropolis CEO Alex Israel on Parking's Future - dot.LA |url=https://dot.la/alex-israel-metropolis-2653042821.html|archive-url=https://web.archive.org/web/20210521225015/https://dot.la/alex-israel-metropolis-2653042821.html |archive-date=2021-05-21 |access-date=2024-11-01 |website=dot.la |language=en}}

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.

In 2023, the company raised $1.8 billion in funding, led by investors Eldridge and 3L,{{Cite web |last=Wiggers |first=Kyle |date=2023-10-05 |title=AI-powered parking platform Metropolis raises $1.7B to acquire SP Plus |url=https://techcrunch.com/2023/10/05/ai-powered-parking-platform-metropolis-raises-1-7b-to-acquire-sp-plus/ |archive-url=https://web.archive.org/web/20250211005157/https://techcrunch.com/2023/10/05/ai-powered-parking-platform-metropolis-raises-1-7b-to-acquire-sp-plus/ |archive-date=2025-02-11 |access-date=2024-11-01 |website=TechCrunch |language=en-US}} before its $1.5 billion acquisition of SP Plus Corporation.{{Cite web |date=2023-10-06 |title=Metropolis Technologies, Inc. to Acquire SP Plus Corporation for $1.5 Billion |url=https://www.latimes.com/b2bpublishing/business-announcements/story/2023-10-06/metropolis-technologies-inc-to-acquire-sp-plus-corporation-for-1-5-billion |archive-url=https://web.archive.org/web/20240918160804/https://www.latimes.com/b2bpublishing/business-announcements/story/2023-10-06/metropolis-technologies-inc-to-acquire-sp-plus-corporation-for-1-5-billion |archive-date=2024-09-18 |access-date=2024-11-01 |website=Los Angeles Times |language=en-US}} The deal was completed in 2024, taking SP Plus private.{{Cite news |last=Vinn |first=Milana |date=October 5, 2023 |title=Parking platform Metropolis agrees to buy SP Plus for $1.5 billion |url=https://www.reuters.com/markets/deals/logistics-technology-firm-sp-plus-go-private-about-15-bln-deal-2023-10-05/ |archive-url=https://web.archive.org/web/20241202042330/https://www.reuters.com/markets/deals/logistics-technology-firm-sp-plus-go-private-about-15-bln-deal-2023-10-05/ |archive-date=2024-12-02 |work=Reuters}} This merger made it the largest parking operator in North America.

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