Metropolis Technologies
Metropolis Technologies provides computer vision technology for 'checkout-free' payments and manages parking operations across over 40 markets, aiming to expand rapidly with zero hardware costs.
Introduction to Metropolis Technologies
Metropolis Technologies, founded in 2018, specializes in computer vision technology to enable 'checkout-free' payment systems for drivers and revenue-generating operations for real estate owners. The company has swiftly expanded to operate in over 40 major metropolitan markets and maintains a commitment to rapid deployment, launching new locations within 30 days of contract signature.
Services Offered by Metropolis Technologies
Metropolis provides various solutions, including managing parking operations with hands-on service and zero hardware costs. Their notable service offerings encompass different pricing plans—Scan, Vision, and Vision+—to cater to varying client needs. The M1 Program specifically targets real estate partners with large portfolios, providing comprehensive management and support. Additionally, the company offers monthly parking subscriptions for individuals and businesses at most facilities.
Metropolis Technologies' Growth and Expansion
Metropolis raised $1.8 billion and acquired SP Plus Corporation to become the largest parking network operator in North America, managing over 4,000 locations and employing over 20,000 personnel. The company continues its expansion with significant funding rounds, having raised $167 million in Series B funding for 2024 expansion and $41 million in Series A funding in 2022, which facilitated growth in key markets.
Metropolis Technologies' Technology Platform - Orion
The Orion platform underpins Metropolis Technologies' operations, utilizing continuous data capture, machine learning, and automation to enhance performance. This system automates various tasks, including routine enforcement and ticketing, while maintaining compliance with data protection regulations. The technology effectively operates under diverse lighting conditions and weather scenarios and is supported by Metropolis' network engineers and technicians who ensure hardware deployment and maintenance.
Major Markets and Locations of Metropolis Technologies
Metropolis offers in-person demos across all its operating markets, including major cities such as Los Angeles, Nashville, New York City, Dallas, Detroit, Washington DC, Houston, Austin, and Miami. The company has physical offices in Los Angeles, Nashville, New York, Seattle, Miami, Detroit, Houston, Knoxville, and Washington, D.C., reinforcing its presence across key urban centers.