Metropolis Technologies is an American technology company headquartered in

Santa Monica, California Santa Monica (; Spanish language, Spanish: ''Santa Mónica'') is a city in Los Angeles County, California, Los Angeles County, situated along Santa Monica Bay on California's South Coast (California), South Coast. Santa Monica's 2020 United Sta ...

. As of 2024, it is the largest parking operator in North America.

Founding and key people

The company was founded in

Venice, Los Angeles Venice is a neighborhood of the City of Los Angeles within the Westside region of Los Angeles County, California, United States. Venice was founded by Abbot Kinney in 1905 as a seaside resort town. It was an independent city until 1926, whe ...

in 2017 by CEO Alexander Israel, with co-founders Travis Kell, Peter Fisher and Courtney Fukuda. In 2009, Israel co-founded and served as

chief operating officer A chief operating officer (COO), also called chief operations officer, is an executive in charge of the daily operations of an organization (i.e. personnel, resources, and logistics). COOs are usually second-in-command immediately after the C ...

of ParkMe, a digital parking platform with a real-time database of parking information. ParkMe was acquired by traffic data company Inrix in 2015. Israel has been included on

Los Angeles Business Journal The ''Los Angeles Business Journal'', established in 1979, is a weekly newspaper and online news source in Los Angeles, California Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most po ...

's "20 In Their 20s" list, and the National Parking Association's "40 Under 40" list. In 2024,

Ernst & Young EY, previously known as Ernst & Young, is a multinational corporation, multinational professional services partnership, network based in London, United Kingdom. Along with Deloitte, KPMG and PwC, it is one of the Big Four accounting firms, Big F ...

named Israel "Entrepreneur of the Year" for Los Angeles.

History

The company uses

computer vision Computer vision tasks include methods for image sensor, acquiring, Image processing, processing, Image analysis, analyzing, and understanding digital images, and extraction of high-dimensional data from the real world in order to produce numerical ...

and

deep learning Deep learning is a subset of machine learning that focuses on utilizing multilayered neural networks to perform tasks such as classification, regression, and representation learning. The field takes inspiration from biological neuroscience a ...

algorithms to recognize registered members' vehicles and process payments automatically through a mobile application. 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, before its $1.5 billion acquisition of SP Plus Corporation. The deal was completed in 2024, taking SP Plus private. This merger made it the largest parking operator in North America.

References

{{Artificial intelligence navbox, state=collapsed 2017 establishments in California Companies based in Santa Monica, California Parking companies Artificial intelligence companies