Thursday, 5 October, 2023

Metropolis Secures $1.7 Billion Funding to Expand AI-Powered Parking Platform

Metropolis, an AI-driven parking platform, has successfully raised $1.7 billion in funding to facilitate the acquisition of SP Plus, a notable parking management company. This substantial investment will empower Metropolis to further enhance its AI-based solutions for optimizing parking operations, streamlining traffic management, and improving urban mobility. It underscores the growing interest in technology-driven solutions for urban infrastructure and transportation.