Metropolis is an artificial intelligence company that has developed a proprietary AI drivers and revenue-generating operations for real estate owners. The company’s platform is trained on a comprehensive and proprietary data set to recognize vehicles with a ‘vehicle fingerprint’ based on unique characteristics. After visitors sign up for Metropolis, they can go to any garage that uses its technology and seamlessly drive in and out as they are recognized automatically, receiving text updates with pricing information and receipts upon exit. Additionally, the company’s increasingly dense, digital network operates on a singular platform deployed across the United States in partnership with a wide array of real estate customers.
With an outsized impact on drivers and real estate properties alike, the company platform delivers a preferred customer experience while serving as a technology layer that shifts the revenue profiles of parking facilities. The company’s technology also represents a leap forward in computer vision, delivering better financial outcomes while unlocking new capabilities for real estate properties.
As a seven-year-old company, Metropolis has achieved unprecedented scale by pursuing a growth-by-acquisition approach, catapulting it to be the largest parking network across North America. In May, the company successfully closed $1.8B in Series C financing to fund its landmark take-private of SP+, a 100-year-old legacy parking company. This enabled Metropolis to reach more than 4,000 locations and over than 50 million consumers. As it expands, Metropolis continues to streamline urban mobility, reducing congestion and improving productivity for businesses and individuals.
