Recognition Economy
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Metropolis Raises $1.6B to Expand Beyond AI Parking
Ventureburn· 2025-11-08 15:57
Metropolis already has 4200 locations in 40 countries with an annual transaction volume of $5 billionThe company is shifting from parking-automation to a broader “recognition economy” modelMetropolis Technologies, the U.S. company known for using AI and computer vision to identify vehicles in parking lots, just announced it’s raised $1.6 billion in new funding.They’re planning to take their tech beyond parking and into places like retail stores, restaurants, and gas stations.The funding comes in two rounds. ...