AI-powered parking platform Metropolis bags $167M

Metropolis, a startup building payment infrastructure for parking facilities, today announced that it raised $167 million in a Series B round co-led by 3L Capital and Assembly Ventures with participation from Dragoneer, Eldridge Industries, Silver Lake Waterman, UP Partners, and former deputy mayor of New York Dan Doctoroff. CEO Alex Israel told TechCrunch via email that the proceeds will be put toward product development, expanding the company’s team, and expanding into “new mobility adjacent verticals.”
Israel contends that parking payment infrastructure is outdated on the

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