Metropolis Technologies announced it has raised $1.6 billion in new capital to accelerate the expansion of its applied AI platform across physical infrastructure and consumer environments. The financing includes a $1.1 billion Term Loan B arranged by JPMorgan Chase Bank, N.A., along with a $500 million Series D round led by a fund managed by LionTree. The funding values the company at approximately $5 billion.
Participants in the Series D include affiliated credit funds of BDT & MSD Partners, DFJ, Eldridge Industries, Slow Ventures, SoftBank Vision Fund 2, Tekne Capital, and Vista. The company intends to utilize the capital to continue expanding into new markets and verticals, advancing its AI-driven Recognition Economy model, which enables physical environments to recognize individuals and deliver seamless, personalized interactions without requiring manual authentication.
Metropolis has experienced rapid growth through acquisitions and platform integrations in recent years. The company completed the take-private acquisition of SP+ in 2024 and acquired Oosto in 2025 to enhance capabilities in AI-powered biometric recognition. Metropolis now processes more than $5 billion in annual transactions across over 4,200 locations and supports nearly 20 million Members, adding approximately one million new Members each month.
The company’s technology is now expanding beyond parking to fueling, retail, office environments, hospitality, and mobility applications. Through partnerships with major retailers, real estate partners, and quick-service restaurant brands, Metropolis is developing infrastructure that adapts to people in real time, removing friction and creating speed and personalization in everyday experiences.
Support: BDT & MSD Partners served as the exclusive financial advisor to Metropolis. Fenwick & West LLP served as legal advisor to the company. JPMorgan Chase Bank, N.A. served as Administrative Agent, and JPMorgan, Goldman Sachs & Co. LLC, and PNC Capital Markets LLC acted as joint lead arrangers and bookrunners for the Term Loan B. Latham & Watkins LLP served as legal advisor to LionTree, and Sidley Austin LLP served as legal advisor to Eldridge Industries.
KEY QUOTES:
“With this new capital, we’re continuing to scale our platform and forge the foundation of the Recognition Economy, building a new paradigm for how AI is deployed in the real world. As one of the fastest-growing technology companies in the United States, Metropolis is transforming how people move and transact in the physical world. We’re eliminating friction and repetition and creating recognition at scale for nearly 20 million Members. As we deploy our technology into retail, hospitality and fueling, Metropolis will go beyond just processing transactions by embedding speed and simplicity into everyday experiences.”
Alex Israel, CEO and Co-Founder, Metropolis
“Metropolis is demonstrating that AI can be thoughtfully commercialized at real-world scale. From mobility to retail and hospitality, Alex and his team are developing innovative solutions as part of a generational opportunity to create an enduring, smarter environment for consumers. We’re excited by the Metropolis team’s success to date and look forward to supporting the next phase of their growth.”
Ramin Arani, Head of Investments, LionTree
“When we partnered with Metropolis in 2022, Alex and his team were leveraging AI to transform the parking industry into the foundation for a more modern, seamless built environment. Over the last few years, their vision has achieved remarkable scale, expanding across multiple industries to now reach nearly 20 million members. Metropolis exhibits exponential potential as the Company utilizes AI to reshape how people and businesses interact with the physical world.”
Todd Boehly, Chairman, Eldridge Industries
