Los Angeles–based Metropolis has built an AI and computer-vision platform that recognizes people and vehicles in real time, enabling checkout-free payments and personalized experiences across parking, retail, hospitality, mobility and fueling locations. The company processes more than $5 billion in annual transactions for 50 million customers and has nearly 20 million registered Members, with more than one million new Members joining each month. Its network spans over 4,200 locations in 40 countries and, following the 2024 take-private of SP+ and the 2025 purchase of biometrics firm Oosto, Metropolis is now the largest parking network in the United States. The platform underpins what the company calls the “Recognition Economy,” replacing friction with presence-based recognition to streamline real-world commerce. Current expansion efforts target quick-service restaurants, refueling stations, hotels, stadiums and other high-traffic venues. Management positions the company as one of the fastest-growing tech firms in the U.S., supported by deep partnerships with retailers, asset owners and real-estate operators. The newly raised capital will fund further product development, geographic expansion and additional vertical integrations.

Total raised

$3.5B

Funding rounds

6

Latest round

Series D

Latest activity

Nov 2025