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Fortune
Fortune
Technology
Lily Mae Lazarus

How Metropolis built a $5 billion AI infrastructure company out of America’s parking problem

Alex Israel crosses his arms (Credit: Courtesy of Metropolis)

Alex Israel knows where autonomous vehicles go to sleep at night.

Israel is the CEO of Metropolis, an AI computer vision infrastructure company that processes $5 billion in annual payments volume, controls more than 4,200 locations across the country, and employs 23,000 people. The parking payment (now AI recognition services) company was born in 2018 to solve the parking payment problem. “It’s boring, it’s riddled with friction, and it’s an experience that we just thought could never get better,” Israel told me.

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