Tag Archives for: Metropolis

Mobility Commerce Pioneer Metropolis Technologies Raises $167M Series B

June 15, 2022

 

Mobility Commerce Pioneer Metropolis Technologies Raises $167M Series B

 

 

3L and Assembly Lead; Dragoneer, Eldridge, Silver Lake Waterman, and UP Invest as the Computer Vision Platform Records 28x User Growth Since Series A

 

 

LOS ANGELES, June 15, 2022  — Metropolis Technologies (“Metropolis”), the mobility commerce platform powered by advanced computer vision and a proprietary machine learning system, today announced a $167 millionSeries B capitalization. 3L Capital and Assembly Ventures co-led the round, with participation from leading growth equity investors Dragoneer Investment Group, Eldridge, Silver Lake Waterman, and UP Partners, among others.

Metropolis enables members to drive in and drive out of parking facilities without fumbling for credit cards or phones at hundreds of properties across the country. The platform also connects members to promotions and discounts with the surrounding business community, creating new economic opportunities for thousands of local merchants. By connecting transportation, neighborhood commerce, and payments for the first time, Metropolis is bringing the ease of digital transactions to a range of use cases in the physical world.

“By bringing urban mobility infrastructure online, we are knitting disconnected parts of the everyday journey into a remarkable experience,” said Alex Israel, cofounder and CEO of Metropolis Technologies. “The seamless transactions we take for granted in e-commerce are largely absent from real life, but Metropolis’ computer vision technology is changing that one commute, one morning coffee, one grocery run at a time. Thanks to this incredible vote of confidence from our investors, Metropolis is leading the charge to power the future of urban commerce.”

Metropolis facilitates drive-in, drive-out payment for nearly two million members, operates more than 600 parking lots and garages, and partners with thousands of grocery stores, coffee shops, and other local merchants. Since its Series A capitalization in February 2021 – and in the middle of the COVID-19 pandemic, which reduced most urban commerce to near zero – Metropolis has seen 28x user growth, and is now operational in more than sixty cities.

Leading investors in urban infrastructure and technology also joined the round, including former Deputy Mayor of New York City Dan Doctoroff, DivcoWest, Moving Capital (the Uber Alumni Syndicate), RXR Realty, and Zigg Capital.

Other notable investors joining the round include Benenson Capital, the Gideon Hixon Fund, Halogen Ventures, King River Capital, and Slow Ventures. Most investors in the Series A round exercised pro rata or super pro rata rights in the Series B round.

Metropolis Technologies is a mobility commerce platform that connects transportation, payments, and local businesses for the first time. Now available in over 600 parking locations across sixty cities, Metropolis is building the digital infrastructure that allows members to transact in the physical world with the same ease we experience online. Metropolis powers remarkable drive-in drive-out experiences for more than 1.8 million members and connects real estate owners to a richer core of urban commerce. Metropolis, headquartered in Los Angeles and Nashville, is backed by leading real estate and venture investors. For more information visit www.metropolis.io.

Mobile Commerce Pioneer Metropolis Acquires Best-in-Class Parking Operator Premier

March 31, 2022

Mobile Commerce Pioneer Metropolis Acquires Best-in-Class Parking Operator Premier

ParkingIntegrated Company Operates 600+ Parking Facilities

 

 

 

LOS ANGELES, Ca  – Metropolis Technologies, the developer of advanced technology for mobile commerce, today announced the acquisition of Premier Parking. The combined company will operate as Metropolis and employ nearly 2,000 staff. The merger will expand the network of Metropolis-powered facilities to more than 600 garages and lots in nearly sixty cities with more than 130,000 parking spaces.

“Wherever you’re going, and however you get there, we believe the journey should be remarkable,” said Alex Israel, co-founder and Chief Executive Officer of Metropolis Technologies. “Where some see a garage, we see infrastructure waiting to be connected that can be so much more. This partnership will dramatically expand the reach of the solutions we provide for our members, local businesses, and real estate partners.”

Los Angeles-based Metropolis’ advanced technology enables a seamless, checkout-free experience, putting an end to fumbling with credit cards and lost tickets – starting with parking. Metropolis’ technology also powers speedy, hassle-free validation for thousands of local businesses. Nashville-based Premier was an early adopter of Metropolis’ technology, which since 2021 has been deployed across most of the Premier portfolio. More than one million members are enrolled with Metropolis.

“By joining forces with Metropolis, we solidify our position at the forefront of innovation in the parking industry and together can conquer new areas of commerce,” said Ryan Hunt, previously Chief Executive Officer of Premier Parking and now Chief Operating Officer of Metropolis Technologies. “Premier

was first out of the gate to use Metropolis’ technology to turn the parking facilities of yesterday into connected mobility infrastructure. We are excited to build on that success and match our expertise to Metropolis’ best-in-class technology.”

The integrated company will operate headquarters in both Los Angeles and Nashville. The acquisition is effective immediately and deployment of Metropolis technology and branding across the network is ongoing.

Press contact for Metropolis – press@metropolis.io

 

www.metropolis.io

Premier Parking: 600,000+ Customers Sign Up to Try Revolutionary, New Parking Technology in First Few Months

December 08, 2021

 

 

 

 

600,000+ Customers Sign Up to Try Revolutionary, New Parking Technology in First Few Months

 

 

More than One Million Transactions Processed To Date

 

Early Adoption Rate for Metropolis-Powered Parking on Par with and Exceeding Initial Rollout of Other Tech Platforms

 

 

NASHVILLE  – Premier Parking announced today that more than 600,000 of its customers have signed up to use their new parking technology made possible through an exclusive partnership with Metropolis. Customer use has resulted in more than one million transactions processed to date. These numbers are made even more remarkable given that Premier launched the new technology in late April of this year.

The proprietary technology created by Metropolis is an AI-powered autonomous commerce platform built to modernize parking and empower the future of mobility. After signing up, anytime a customer pulls into a location, computer vision technology detects the customer’s arrival and triggers a text message confirming the start of their parking session. When done, customers simply drive out and are charged for the duration of their stay – no more looking for the payment kiosks, getting ticketed for expired time or paying for more time than they used. Subscription parking and validated parking will also be more seamless than ever, with the scan of a QR code or a tap on your phone granting weekly and monthly access.

“We knew our customers were going to fall in love with this new technology. It makes parking so much easier, safer and frankly far more enjoyable than it’s ever been before,” said Premier CEO Ryan Hunt. “But we have been blown away by how excited our customers are with this ‘new way of parking.’ Truth be told, our early adoption rates are on track to beat so many other technology platform rollouts. That tells me we’re onto something that is truly going to revolutionize the way people think about parking for years to come.” “We founded Metropolis with the mission to create mobility solutions for the transportation needs of cities around the country,” said Alex Israel, Metropolis Founder & CEO. “I am humbled to see the platform already make a difference in people’s lives, and we’re excited to keep building with Premier and facilitate even more remarkable experiences. We’re just getting started.”

Premier first deployed the new technology in its headquarters city of Nashville and has since rolled out to several major markets including Austin, Charlotte, Cleveland, Denver, Detroit, Houston, Kansas City and St. Louis among others. They will eventually deploy Metropolis’ proprietary computer vision technology across
its entire portfolio, which consists of 130,000+ parking spaces across 500+ parking programs in 50+ cities nationwide.

Premier and Metropolis are not only teaming up to rollout the new frictionless, checkout free mobile experience in parking facilities around the country, they’re also working to build strategic partnerships to further enhance the parking experience – making finding, accessing and paying for parking seamless.

Premier Parking is one of the country’s leading parking management companies with facilities across the U.S. Premier operates and manages facilities for a wide range of industries using its unparalleled customer service, innovative solutions and technology-focused approach to bring great benefits to its partners. The technology they are deploying is enabled by Metropolis, a leading technology innovator who pioneered the A1-powered autonomous commerce platform being rolled out nationwide by Premier.

About Premier Parking:

Premier Parking, founded in 2001 in Nashville, offers self-parking accommodations, valet and transportation services for commercial parking assets, hospitals, hotels and special events (private and public), and much more to offer full scope parking management services to businesses and asset owners throughout the country. www.premierparking.com

About Metropolis:

Metropolis is an AI-powered autonomous commerce platform disrupting traditional city infrastructure to make way for modern mobility. Starting with vertically integrated parking technology and a frictionless, checkout-free mobile experience, Metropolis makes parking easier end-to-end. Founded by CEO Alex Israel, Metropolis launched in stealth in 2017 and recently released its mobile app to the public. The brand is rapidly scaling its platform across the U.S. this year, including Los Angeles, New York City, San Francisco, Seattle, Austin, Nashville, Detroit and more. www.Metropolis.io

Premier Parking Introduces Revolutionary Parking Innovation in Houston

October 12, 2021

 

Premier Parking Introduces Revolutionary Parking Innovation in Houston

 

 

 

In Partnership with Metropolis, Premier Rolls Out New Touchless Parking Technology Across the City

 

NASHVILLE, TN  – Premier Parking announced today that new technology, made possible through an exclusive partnership with Metropolis, will make parking easier, safer and more consumer- friendly in Houston.

This new wave of parking is made possible by new, proprietary technology created by Metropolis: an AI- powered autonomous commerce platform built to modernize parking and empower the future of mobility. Metropolis’ proprietary AI platform is unmatched in today’s parking industry.

“For customers, this takes the pain out of parking. For the industry, it is going to radically change the national parking landscape. This technology makes parking quicker, easier and safer by turning what used to be a difficult process into an effortless and fully touchless customer experience,” said Premier CEO Ryan Hunt. “We’re excited to be rolling out Metropolis technology in the bustling city of Houston, where we know drivers will appreciate the ease of parking with us regardless of whether they are running to work, grabbing groceries, or heading out for an evening on the town. This is truly ushering in a new era of parking, and we couldn’t be more excited to be at the forefront of the change.”

Premier deployed the new technology in April in their headquarters city of Nashville, and has since rolled it out in Austin and Detroit among other markets. Houston now joins the list of early cities to receive this revolutionary technology.

With Metropolis’ technology, customers get access to a frictionless, checkout-free mobile experience; by quickly signing up one time before their first Metropolis parking session, they will have a touchless parking experience at any of the enabled locations from then on. Once enrolled, each time a customer pulls into a location, the computer vision technology immediately detects the customer’s arrival and triggers a text message confirming the start of their parking session.

When they leave the facility, customers simply drive out and are charged for the duration of their stay – no more looking for the payment kiosks, getting ticketed for expired time or paying for more time than they used. Subscription parking and validated parking will also be more seamless than ever, with the scan of a QR code or a tap on your phone granting weekly and monthly access.

The technology also locates guaranteed available parking, helping alleviate congestion in urban areas by taking cars off the road that are driving in circles looking for an open spot.
“With Premier as our partner, we are disrupting the traditional parking experience and empowering the future of urban mobility,” said Metropolis CEO Alex Israel. “Parking takes up 15 percent of urban landscapes in major metropolitan areas, so using space smarter makes a big difference – that’s exactly what we are doing with Premier.”

The technology is currently deployed at the following sites in Houston, with additional sites across the city coming online soon:

  • Woman’s Hospital of Texas, 7900 Fannin St
  • Saks Garage, 625 Fannin St
  • 1102 Preston StUltimately, Premier plans to deploy Metropolis’ proprietary computer vision technology across its entire portfolio, which consists of 129,000+ parking spaces across 500+ parking programs in 50+ cities nationwide.

About Premier Parking

Premier Parking, founded in 2001 in Nashville, offers self-parking accommodations, valet and transportation services for commercial parking assets, hospitals, hotels and special events (private and public), and much more to offer full scope parking management services to businesses and asset owners throughout the country. www.premierparking.com

 

About Metropolis

Metropolis is an AI-powered autonomous commerce platform disrupting traditional city infrastructure to make way for modern mobility. Starting with vertically integrated parking technology and a frictionless, checkout-free mobile experience, Metropolis makes parking easier end-to-end. Founded by CEO Alex Israel, Metropolis launched in stealth in 2017 and recently released its mobile app to the public. The brand is rapidly scaling its platform across the U.S. this year, including: Los Angeles, New York City, San Francisco, Seattle, Austin, Nashville, Detroit and more. www.Metropolis.io

Premier Parking Rolls Out Revolutionary New Parking Technology in Detroit

October 07, 2021

 

 

 

 

Premier Parking Rolls Out Revolutionary New Parking Technology in Detroit

 

 

In Partnership with Metropolis, Premier Features New Technology

in Downtown Millennium Garage, More Facilities Coming Online Soon

 

 

NASHVILLE, TN  – Premier Parking announced today that new technology, made possible through an exclusive partnership with Metropolis, will make parking easier, safer and more consumer-friendly in Detroit.

 

This new wave of parking is made possible by new, proprietary technology created by Metropolis: an AI-powered autonomous commerce platform built to modernize parking and empower the future of mobility. Metropolis’ proprietary AI platform is unmatched in today’s parking industry.

 

“For customers, this takes the pain out of parking. For the industry, it is going to radically change the national parking landscape. This technology makes parking quicker, easier and safer by turning what used to be a difficult process into an effortless and fully touchless customer experience,” said Premier CEO Ryan Hunt. “It seems only fitting that Detroit, the motor city, is one of the first locations where our new technology is featured. This is truly ushering in a new era of parking, and we couldn’t be more excited to be at the forefront of the change.”

 

Premier deployed the new technology in April in their headquarters city of Nashville and then in Austin in July. Detroit now joins the list of early markets to receive this revolutionary technology.

 

With Metropolis’ technology, customers get access to a frictionless, checkout-free mobile experience; by quickly signing up one time before their first Metropolis parking session, they will have a touchless parking experience at any of the enabled locations from then on. Once enrolled, each time a customer pulls into a location, the computer vision technology immediately detects the customer’s arrival and triggers a text message confirming the start of their parking session.

 

When they leave the facility, customers simply drive out and are charged for the duration of their stay – no more looking for the payment kiosks, getting ticketed for expired time or paying for more time than they used. Subscription parking and validated parking will also be more seamless than ever, with the scan of a QR code or a tap on your phone granting weekly and monthly access.

 

The technology also locates guaranteed available parking, helping alleviate congestion in urban areas by taking cars off the road that are driving in circles looking for an open spot.

 

“With Premier as our partner, we are disrupting the traditional parking experience and empowering the future of urban mobility,” said Metropolis CEO Alex Israel. “Parking takes up 15 percent of urban landscapes in major metropolitan areas, so using space smarter makes a big difference – that’s exactly what we are doing with Premier.”

 

The technology is currently deployed at the Millennium Garage at 432 W Congress Street in Detroit, with additional sites across the city coming online soon. Ultimately, Premier plans to deploy Metropolis’ proprietary computer vision technology across its entire portfolio, which consists of 129,000+ parking spaces across 500+ parking programs in 50+ cities nationwide.

 

 

About Premier Parking

Premier Parking, founded in 2001 in Nashville, offers self-parking accommodations, valet and transportation services for commercial parking assets, hospitals, hotels and special events (private and public), and much more to offer full scope parking management services to businesses and asset owners throughout the country. www.premierparking.com

 

About Metropolis

Metropolis is an AI-powered autonomous commerce platform disrupting traditional city infrastructure to make way for modern mobility. Starting with vertically integrated parking technology and a frictionless, checkout-free mobile experience, Metropolis makes parking easier end-to-end. Founded by CEO Alex Israel, Metropolis launched in stealth in 2017 and recently released its mobile app to the public. The brand is rapidly scaling its platform across the U.S. this year, including: Los Angeles, New York City, San Francisco, Seattle, Austin, Nashville, Detroit and more. www.Metropolis.io

Premier Parking Revolutionizing the Way People Park in Austin

July 20, 2021

Premier Parking Revolutionizing the Way People Park in Austin

Austin One of the Early U.S. Markets to Get Metropolis Technology

 

NASHVILLE – Premier Parking announced today that new technology, made possible through an exclusive partnership with Metropolis, will make parking easier, safer and more consumer-friendly in Austin.

 

This new wave of parking is made possible by new, proprietary technology created by Metropolis: an AI-powered autonomous commerce platform built to modernize parking and empower the future of mobility. Metropolis’ proprietary AI platform is unmatched in today’s parking industry.

 

“For customers, this takes the pain out of parking. For the industry, it is going to radically change the national parking landscape. This technology makes parking quicker, easier and safer by turning what used to be a difficult process into an effortless and fully touchless customer experience,” said Premier CEO Ryan Hunt.“When we thought about where we wanted to roll this new technology out first, Austin was at the top of our list. Like Premier, Austin has always been an innovator so we knew it would be welcomed with open arms here.”

 

Premier deployed the new technology in April in their headquarters city of Nashville. Plans are underway to roll it out to all their sites nationwide in the coming months.

 

With Metropolis’ technology, customers get access to a frictionless, checkout-free mobile experience; by quickly signing up one time, they can locate and pay for parking at any of the enabled locations. Once enrolled, each time a customer pulls into a location, the computer vision technology immediately detects the customer’s arrival and triggers a text message confirming the start of their parking session.

 

When done, customers simply drive out and are charged for the duration of their stay – no more looking for the payment kiosks, getting ticketed for expired time or paying for more time than they used. Subscription parking and validated parking will also be more seamless than ever, with the scan of a QR code or a tap on your phone granting weekly and monthly access.

 

The technology also locates guaranteed available parking, helping alleviate congestion in urban areas by taking cars off the road that are driving in circles looking for an open spot.

 

“With Premier as our partner, we are disrupting the traditional parking experience and empowering the future of urban mobility,” said Metropolis CEO Alex Israel. “Parking takes up 15 percent of urban landscapes in major metropolitan areas, so using space smarter makes a big difference – that’s exactly what we are doing with Premier.”

 

The technology is currently deployed at the following Austin Premier locations with additional sites coming online soon:

  • Lavaca Plaza – 504 Lavaca St.
  • Seaholm Garage – 211 Walter Seaholm Dr.
  • Seven Rio – 615 W 7th St.
  • St. David’s Episcopal Church – 710 Trinity St.
  • St. Vincent Lot – 108 W Gibson St.

 

The transition to the new technology has been designed with the consumer in mind. Initially, consumers will see a scan-to-pay option alongside meters. Ultimately, lots will transition to fully camera-vision enabled facilities where all you have to do is drive in and drive out – no meters or scan to pay required.

 

Restaurants, retailers, and businesses will be able to partner with Premier to offer touchless parking validations to their customers. In addition, every consumer who tries the new technology by downloading the Metropolis app and completing at least one parking session will be entered to win free parking for a year.

 

Premier is deploying Metropolis’ proprietary computer vision technology across its entire portfolio, which consists of 116,000+ parking spaces across 500+ parking programs in 40+ cities nationwide. This includes Nashville and Austin to date, with Houston, Dallas and Detroit coming in the immediate months.

 

Premier Parking is one of the country’s leading parking management companies with facilities across the U.S. Premier owns, operates, and manages facilities for a wide range of industries using its unparalleled customer service, innovative solutions and technology-focused approach to bring great benefits to its partners.

 

About Premier Parking

Premier Parking, founded in 2001 in Nashville, offers self-parking accommodations, valet and transportation services for commercial parking assets, hospitals, hotels and special events (private and public), and much more to offer full scope parking management services to businesses and asset owners throughout the country. www.premierparking.com

 

About Metropolis

Metropolis is an AI-powered autonomous commerce platform disrupting traditional city infrastructure to make way for modern mobility. Starting with vertically integrated parking technology and a frictionless, checkout-free mobile experience, Metropolis makes parking easier end-to-end. Founded by CEO Alex Israel, Metropolis launched in stealth in 2017 and recently released its mobile app to the public. The brand is rapidly scaling its platform across the U.S. this year, including: Los Angeles, New York City, San Francisco, Seattle, Austin, Nashville, Detroit and more. www.Metropolis.io