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Alexander Israel

Co-Founder & CEO at Metropolis

Alexander Israel is a mobility entrepreneur, investor, and advisor known for his role as the Co-Founder & CEO of Metropolis, a stealth start-up based in Los Angeles.

Previously, Alex was the General Manager of an enterprise division of INRIX, a top global traffic intelligence provider, focusing on smart technology and data analytics to enhance urban mobility across more than 60 countries.

In 2009, Alex co-founded ParkMe, a revolutionary platform that grew to become the world's most comprehensive parking database, covering over 29 million spaces in 100,000+ locations worldwide. During his tenure, ParkMe gained millions of users and was recognized as a top U.S. Navigation Application on the Apple Store.

Apart from his entrepreneurial successes, Alex Israel contributes to Defy Ventures as a member of the Board of Directors, an eminent U.S. organization dedicated to anti-recidivism.

His educational background includes a BA in Business & Economics from the University of Puget Sound and a Master of Fine Arts in Producing from the American Film Institute.

Throughout his career, Alexander Israel has held various key positions in renowned organizations such as Metropolis, Defy Ventures, National Parking Association, INRIX, ParkMe, Viacom, The Walt Disney Company, and United Talent Agency.

Highlights

May 16 · linkedin

In October, we announced our $1.8 billion Series C financing and take-private of SP+ (SP Plus). Today, I couldn’t be prouder to share that we have officially closed our transformational acquisition of SP+.

This acquisition and Growth Buyout (GBO) is creating a paradigm shift in how technology companies scale and represents the largest venture-backed M&A deal and the third largest AI fundraise (just behind OpenAI) in the past year.

We’ve created a once-in-a-generation opportunity -- allowing us to deploy our proprietary, artificial intelligence technology to more than 50 million consumers, across 4,000+ locations, and processing over $4 billion in payments a year -- enabling checkout-free experiences with a speed, ease, and convenience that is unparalleled, even online.

While re-envisioning parking is our focus and priority today, the opportunities for growth beyond parking are limitless. In the future, we’ll use our artificial intelligence platform to power checkout-free transactions in new verticals – making the everyday experience of living, working and playing remarkable – giving us back our most valuable asset, time.

From the outside, an entrepreneur’s journey can seem linear and academic – identify a problem, develop solutions, raise capital, deploy, scale – and repeat. In reality, it’s entropic and riddled with roadblocks. We’ve been repeatedly told our ambitions are impossible. But – our team comes back each day with strength, tenacity, determination and conviction. We’ve learned from every failure, every denial, every slammed door, and we’ve gotten stronger, smarter and faster.

Today we closed our $1.8B financing and take-private of SP+ – creating a company that’s stronger together.

The last six years have been a remarkable journey. I couldn’t be more thankful for our investors, advisors and most importantly, the entire Metropolis Technologies team that helped get us here. Special thanks to my co-founders and executive team Peter Fisher, Travis Kell, Courtney Fukuda, Ryan Hunt, Eddie Thomas and John-Paul Sukkar. I’d also like to thank the newest members of our executive team Chris Sherman, Ritu Vig, Kris Roy and Wenyu Blanchard. Our Series C was comprised of a best-in-class syndicate, led by Eldridge Industries with significant investment from BDT & MSD Partners’ affiliated credit funds, Vista Equity Partners, and Temasek as well as strong support from Metropolis’ existing shareholder group led by 3L. Thank you to all our exceptional partners, investors and advisors who thought outside the box and believed in our vision, every step of the way -- including Tony Minella, Todd Boehly and Lisa Ohlmeyer at Eldridge, Anton Zietsman and Dave Leyrer at 3L, Goldman Sachs and BDT & MSD Partners.

We’ll celebrate today but know, we’re just getting started.

May 10 · linkedin

What makes a great city?

Earlier this week I had the privilege of discussing this very question at the Milken Institute Global Conference on a panel that focused on how technology powers urban innovation. Alongside Jeff Blau from Related Companies, Ross Perot Jr from Hillwood, Diane J. Hoskins, FAIA, NCARB from Gensler, and Carlos Moreno, author of “The 15-Minute City,” we dug into the future of mobility and technology’s role in improving how we live within urban centers. I was reminded of Amara’s Law – how people tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run. We’re at that inflection point in building AI for the real world and I’m proud of the work that Metropolis Technologies is doing to make it a reality.

Metropolis is central in the interplay of evolving cities and in returning our most valuable and irreplaceable asset: time. Together, we can deploy new technology and reshape our built environments to make the way we work, play, and live remarkable.

A special thanks to Brian Sullivan from CNBC for moderating this important conversation.

Watch and learn more here: https://lnkd.in/g2sGcgNn

#MIGlobal #Future #Mobility #Innovation #Tech

Alexander Israel
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Location

Los Angeles, California