Metropolis Acquires Oosto in $125M Deal, Expanding Computer Vision Capabilities

In a significant move, Metropolis, a leading AI-powered parking platform, has acquired Oosto, a prominent computer vision company formerly known as AnyVision. The all-stock deal, valued at $125 million, marks a strategic expansion of Metropolis’s capabilities in computer vision and AI-driven safety and security solutions.

A Strategic Acquisition

Metropolis, which processes over $5 billion in payments annually, will integrate Oosto’s technology to enhance its existing platform. The acquisition includes Oosto’s IP, team, and senior leadership, with CEO Avi Golan and CTO Dieter Joecker taking on senior roles at Metropolis. This strategic move is expected to strengthen Metropolis’s position in the market and drive growth in the AI-powered parking and security solutions space.

Oosto’s Turbulent Past

Oosto, formerly known as AnyVision, has faced controversy in the past due to its involvement in surveillance applications. The company had raised significant funding, including a $235 million round led by SoftBank and Eldridge in 2021. However, despite its efforts to rebrand and pivot to more enterprise-focused applications, Oosto continued to face challenges, including layoffs and a decline in revenue.

Metropolis’s Growth Trajectory

Metropolis, on the other hand, has been on a growth trajectory, with a valuation approaching $5 billion. The company’s focus on AI-powered parking solutions has enabled it to establish a strong presence in the market, with its technology used in over 4,000 locations. The acquisition of Oosto is expected to further accelerate Metropolis’s growth and expansion into new markets.

Expert Insights

According to Avihai Michaeli, an investment banking advisor based in Tel Aviv, “Tech-wise, this acquisition makes perfect sense. Both Metropolis and Oosto are key players in the AI-driven computer vision and security solutions space, with applications that enhance urban management, public safety, and automation.”