LA-based Metropolis, which operates AI- and computer vision-enabled parking lots, raised $1.6B, including a $500M Series D led by LionTree at a $5B valuation (Krystal Hu/Reuters)
PositiveArtificial Intelligence

LA-based Metropolis, which operates AI- and computer vision-enabled parking lots, raised $1.6B, including a $500M Series D led by LionTree at a $5B valuation (Krystal Hu/Reuters)
Metropolis, a Los Angeles-based company specializing in AI and computer vision-enabled parking lots, has successfully raised $1.6 billion in funding, including a significant $500 million Series D round led by LionTree, bringing its valuation to $5 billion. This funding is crucial as it allows Metropolis to expand its innovative parking solutions and enhance urban mobility, reflecting a growing trend in smart city technologies. The investment highlights the increasing interest in AI-driven solutions that improve efficiency and convenience in everyday life.
— via World Pulse Now AI Editorial System



