TechCrunch: AI-powered parking platform Metropolis raises $1.7B to acquire SP Plus.

Built in LA: Metropolis Secures $1.7B Series C, Announces $1.5B Acquisition of SP Plus

Los Angeles Times: Metropolis Technologies, Inc. to Acquire SP Plus Corporation for $1.5 Billion

Crunchbase: Checkout-free parking startup Metropolis will take logistics firm SP Plus private in the biggest M&A transaction of the year by a VC-backed company

By bringing urban mobility infrastructure online, we are knitting disconnected parts of the everyday journey into a remarkable experience: one commute, one morning coffee, one grocery run at a time. Together, we have an unprecedented opportunity to reshape the way people experience their cities.

Metropolis, a startup building payment infrastructure for parking facilities, today announced that it raised $167 million in a Series B round co-led by 3L Capital and Assembly Ventures with participation from Dragoneer, Eldridge Industries, Silver Lake Waterman, UP Partners and former deputy mayor of New York Dan Doctoroff.

By bringing urban mobility infrastructure online, we are knitting disconnected parts of the everyday journey into a remarkable experience: one commute, one morning coffee, one grocery run at a time. Together, we have an unprecedented opportunity to reshape the way people experience their cities.

A massive opportunity for landlords to drive net operating income and improve tenant experience.

We’re bringing the antiquated and inefficient parking experience into the 21st century. While technology powers our lives and fuels our dreams of flying cars and robot taxis… how we park remains hopelessly analog. At Metropolis, we’ve developed an artificial intelligence platform, leveraging computer vision technology to connect all the pieces of the messy parking world so that you — the consumer — can finally have a seamless, checkout-free parking experience.