The company uses
computer vision and
deep learning algorithms to recognize registered members and process payments automatically through a mobile application. The company has headquarters in Santa Monica, Nashville, Tennessee, New York City, Seattle, and Chicago. In 2022, Metropolis Technologies acquired the Nashville-based company Premier Parking in 2022. before its $1.5 billion acquisition of
SP Plus Corporation. The deal was completed in 2024, taking SP Plus private under a
growth buyout. This merger made it the largest parking operator in North America. In June 2025, Lookman Olusanya became
chief financial officer. He had previously been CFO of
Square, and held financial roles at
Google Cloud and
Amazon Web Services. At the time, the company was reportedly approaching a $5 billion valuation. As of 2025, the company processes approximately $5 billion in payments from 20 million customers annually, representing almost 10% of licensed drivers in the United States. That year, it raised $1.6 billion in Series D funding led by
Aryeh Bourkoff’s
LionTree to expand its computer vision platform into new industries, including quick-service restaurants, fueling, hospitality and retail. The company's platform uses artificial intelligence and computer vision technology to recognize users and enable contactless transactions without the need for traditional digital payments, apps or credit cards, in what CEO Alex Israel described as the "recognition economy". The company operates checkout-free parking, baggage and mobility services at over 75 airports throughout the United States. The company was included in
CNBC's 2025 Disruptor 50 list. == References ==