Public company, workplace, funding, and market signals
Updated Aug 16, 2026
Metropolis Technologies is a privately held applied-AI company that builds computer-vision and recognition infrastructure for physical spaces. It combines proprietary software, cameras, machine learning, payments, and parking operations to make real-world transactions seamless and checkout-free.
Primary product
Recognition Platform / Orion: AI-powered, drive-in-drive-out parking and payment infrastructure for parking operators, real-estate owners, airports, and other physical environments.
Founded
2017
Headquarters
Santa Monica, California, United States
Team size
Approximately 1,000–2,000 corporate employees; more than 20,000 total employees including the SP+ operating workforce after the 2024 acquisition.
Industry
Artificial intelligence / software development
Sub-industry
Computer vision, parking technology, mobility infrastructure, embedded payments, and physical-world automation
Offices
Business model
Stage
Series D; privately held growth company
Total raised
$3.5B
Latest round
Series D equity plus Term Loan B financing · Nov 2025
Latest amount
$1.6B
Nov 2025 · JPMorgan Chase Bank
Nov 2025 · Fund managed by LionTree
Series C financing and SP+ acquisition closing
May 2024 · Eldridge Industries
Series C preferred equity plus debt financing for SP+ acquisition
Oct 2023 · Eldridge Industries and 3L Capital
Jun 2022 · 3L Capital and Assembly Ventures
Feb 2021 · 3L Capital
Leadership
Co-Founder and Chief Executive Officer
Co-Founder and Chief Commercial Officer
Co-Founder and Chief Integration Officer
Co-Founder; Chief Financial Officer reported in 2024
Lookman Olusanya
Chief Financial Officer; current title reported by organizational sources, with some conflicting historical executive listings
John-Paul Sukker
Chief People Officer
Robin Riedel
Executive Vice President, Transformation and Future Mobility
Christopher R. Sherman
President, Commercial Division
Elizabeth Windram
Chief Marketing and Communications Officer
Eric Roseman
Senior Vice President, Partner Strategy and Expansion
Metropolis describes itself as a mission-driven, growth-oriented organization focused on difficult real-world AI problems. Its public engineering material emphasizes complex hardware/cloud/ML systems, continuous learning, transparent career progression, and a human-centered workplace. The company also says it uses AI in recruiting while retaining human review of candidates who advance.
Compensation
Public job-search evidence indicates competitive or market-rate technical compensation may be offered, but a reliable company-wide compensation range was not found. Publicly documented benefits include a 4% 401(k) match, health-insurance subsidies, PTO, parental leave, and wellness support.
Benefits
Pricing
B2B per-space pricing and customized enterprise plans. Public parking pricing lists a $0/month plan, a plan starting at $15 per space/month, Vision+ and custom pricing. Metropolis also advertises zero upfront hardware cost, revenue-sharing/operations models, and custom enterprise arrangements.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $400 million–$500 million annually; third-party estimate, not company-reported revenue
Estimated monthly visits
2.6M
Traffic estimate as of Jun 2026
Metropolis completed the approximately $1.5 billion take-private acquisition of SP+ using $1.05 billion of Series C preferred equity, $550 million of term debt, and a $175 million revolving facility. The transaction materially increased operational scale and leverage and added nearly 20,000 SP+ employees.
SourceMetropolis acquired computer-vision and biometrics company Oosto in an all-stock transaction reportedly valued at approximately $125 million. Oosto had previously undergone restructuring and layoffs, according to TechCrunch; those events concern Oosto rather than a confirmed Metropolis workforce reduction.
SourcePublic reporting described multiple consumer complaints and class-action lawsuits involving parking notices, license-plate/DMV data use, alleged unfair collection practices, and alleged violations of the Driver's Privacy Protection Act. The company disputed the claims and sought dismissal in some cases.
SourceThe company closed a $1.6 billion capitalization that included approximately $500 million in Series D equity and a $1.1 billion Term Loan B. The financing supports expansion but also represents substantial debt financing and execution risk as Metropolis expands beyond parking.
SourceMetropolis · Nov 2025
Metropolis announced approximately $1.6 billion of combined financing, comprising a $500 million Series D led by LionTree and a $1.1 billion JPMorgan-arranged term loan, at an approximately $5 billion valuation.
CNBC · Nov 2025
Coverage of the Series D and debt financing, Metropolis's $5 billion valuation, $5 billion annual transaction volume, and plans to expand into retail, gas stations, hotels, and quick-service restaurants.
TechCrunch · Jan 2025
Reports Metropolis's all-stock acquisition of Oosto, including Oosto's IP and team, and describes Oosto's prior restructuring and layoffs.
Metropolis · May 2024
Metropolis completed its acquisition of SP+, creating the largest North American parking network according to the company, with more than 4,000 locations and over 20,000 SP+ employees joining the business.
Reuters · Oct 2023
Independent reporting on the approximately $1.5 billion SP+ transaction and the $1.7 billion debt-and-equity financing package used to fund it.
87 jobs at Metropolis