Metropolis Secures $500M in Series D Funding at $5B Valuation to Revolutionize AI-Powered Parking

Metropolis, a Los Angeles-based startup specializing in AI-powered, checkout-free parking solutions, has raised a staggering $500 million in its Series D funding round, as announced on November 6, 2025.

This latest capital injection is part of a larger $1.6 billion haul in combined debt and equity, pushing the company’s valuation to an impressive $5 billion.

The Rise of Metropolis in the Parking Industry

Founded with a mission to modernize parking through cutting-edge technology, Metropolis has rapidly emerged as a leader in the industry.

By leveraging artificial intelligence and computer vision, the company offers seamless payment systems that eliminate the need for traditional ticketing and manual processes.

A History of Innovation and Growth

Since its inception, Metropolis has consistently attracted significant investor interest, with previous rounds including a $167 million Series B in 2022 and a $41 million Series A in 2021.

The company’s growth trajectory was further accelerated by its 2023 acquisition of SP Plus for $1.7 billion, marking one of the largest M&A deals by a VC-backed firm that year.

Impact on Urban Mobility and Beyond

The impact of Metropolis extends beyond parking, as its technology promises to streamline urban mobility by reducing congestion and improving access to parking spaces in crowded cities.

With plans to expand into new verticals such as retail, gas stations, and hotels, the company aims to redefine how people interact with everyday infrastructure.

Future Prospects and Industry Transformation

Looking ahead, Metropolis is poised to disrupt multiple sectors with its AI-driven platform, potentially setting new standards for autonomous commerce.

Industry experts predict that the global parking industry, projected to exceed $10 billion by 2030, will see significant transformation due to innovations like those pioneered by Metropolis.

As the company continues to scale, its focus on enhancing user experience and operational efficiency could reshape the future of urban environments worldwide.