Metropolis, an AI computer vision parking infrastructure company, completed a $1.6 billion funding round valuing it at roughly $5 billion, and announced a partnership with Joby Aviation to build 25 vertiports across the U.S.

Metropolis processes $5 billion in annual payments volume, controls more than 4,200 locations across the country, and employs 23,000 people. In 2024, it completed the take-private of SP+, the largest U.S. parking network operator, for $1.5 billion—the largest venture-backed M&A deal of that year—and acquired Oosto, an Israeli AI biometrics firm, for $125 million.

The company operates a computer vision layer (the ability of a camera to see and understand what it's looking at) that recognizes people at physical infrastructure like parking garages, fueling stations, hotel lobbies, and retail floors, enabling entry without a ticket, tap, or wallet.

In December 2025, Metropolis announced a partnership with Joby Aviation to build out 25 vertiports across the U.S., converting parking structures into launchpads for air taxis and spaces where autonomous vehicles can park, charge, get cleaned, and be redeployed.

Earlier this year, Metropolis settled with the Tennessee AG for $8.75 million over allegations of deceptive pricing and surprise fees. The company also faced a federal class action under the Driver's Privacy Protection Act over how it accesses motor vehicle records to issue parking notices.