LA-based Metropolis raises $41 million to upgrade parking infrastructure

LA-based Metropolis raises $41 million to upgrade parking infrastructure

3 years ago
Anonymous $K6XgmDN5_o

https://techcrunch.com/2021/02/16/la-based-metropolis-raises-41-million-to-upgrade-parking-infrastructure/

Metropolis is a new Los Angeles-based startup that’s looking to compete with BMW-owned ParkMobile for a slice of the automated parking lot management market.

Upgrading ParkMobile’s license plate-based service with a computer vision based system that recognizes cars as they enter and leave garages has been Metropolis’ mission since founder and chief executive Alex Israel first formed the business back in 2017.