Thursday, June 16, 2022

Metropolis Technologies Raises $167M For AI Driven Parking Systems

Los Angeles-based Metropolis Technologies, a startup that develops computer vision and machine learning driven systems for allowing people to drive in and out of parking facilities, without having to swipe a credit card or phone, has raised $167M in a Series B funding roudn. The funding was led by 3L Capital and Assembly Ventures, and also included Dragoneer Investment Group, Eldridge, Silver Lake Waterman, and UP Partners, along with others. Alex Israel is cofounder and CEO of Metropolis Technologies. Metropolis says it has now deployed its systems at over 600 parking locations across sixty cities.

---