Cloud News
The 10 Hottest AI Startups Of 2022 (So Far)
Wade Tyler Millward
Diligent Robotics, Metropolis Technologies and TimeZest are just some of the AI startups that have made CRN’s list.
Metropolis Technologies
CEO: Alex Israel
Headquarters: Santa Monica, Calif.
Website: metropolis.io
AI and computer vision to improve parking is the mission of Metropolis Technologies.
This Santa Monica-based startup offers a platform for users to pay for parking facilities without taking out credit cards or phones. Users also receive promotions for surrounding businesses.
The company operates more than 600 parking lots and garages and partners with thousands of local retailers. It has about 2 million members, according to Metropolis.
In June, Metropolis raised $167 million in a Series B round of funding. 3L Capital and Assembly Ventures led the round with participants including Dragoneer Investment Group, Eldridge, Silver Lake Waterman and former Deputy Mayor of New York City Dan Doctoroff.
In March, Metropolis acquired parking facilities operator Premier Parking, according to the company.
Before he co-founded Metropolis in 2017, CEO Alex Israel worked at traffic intelligence company Inrix for about three years, according to his LinkedIn. He worked as a vice president and general manager before leaving the company in 2018 as an adviser.
Israel came to Inrix through the 2015 acquisition of ParkMe, a startup he co-founded in 2009, according to his LinkedIn.
