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]
History
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] The company uses computer vision and deep learning algorithms to recognize registered members' vehicles[4] and process payments automatically through a mobile application.[5]
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.[6]
In 2023, the company raised $1.8 billion in funding, led by investors Eldridge and 3L,[7] before its $1.5 billion acquisition of SP Plus Corporation.[8] The deal was completed in 2024, taking SP Plus private.[9] This merger made it the largest parking operator in North America.[10]
Lawsuits
In 2024, Metropolis Technologies Inc. allegedly illegally obtained the personal information of people who parked at its parking lots from official motor-vehicle records without their consent in violation of the Drivers Privacy Protection Act.[11] Class action lawsuits have appeared in California, Texas, and Tennessee, with the Tennessee District Attorney collecting over 247 complaints from residents. [12]
