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NEW YORK, NY — January 22, 2025 — Oosto, a leading provider of AI-powered security and video analytics solutions, has been acquired by Metropolis. Metropolis is an artificial intelligence company whose computer vision platform enables checkout-free payment experiences for the real world, powers more than 4,000 locations, reaches more than 50 million customers and processes over $5 billion in payments annually.
Metropolis’ acquisition promises to expand Oosto’s reach and accelerate its leading AI-powered safety and security solutions, furthering both companies’ ability to deliver transformative real-world AI applications.
Trusted globally in thousands of high-stakes environments, including casinos, hospitals, schools, and critical infrastructure, Oosto’s AI-driven solutions enhance safety and security across many industries, protecting people, places and products.
In the past four years, Oosto invested heavily and strategically in edge-to-cloud computing and multi-class Vision AI algorithms, marked by rapid expansion into new verticals and applications –more than doubling revenue. Oosto Protect, launched in April 2024, ushered in a new era of edge-to-cloud computing for the security industry and beyond, addressing the need for cost-effective scalability, remote management and complex behavior analysis.
Continued momentum in 2024 brought new Fortune 50 customers, key technology and go-to-market partnerships for significant increases in deal size. The company products are deployed globally in 42 countries and in hundreds of enterprise organizations achieving a retention rate over 95%. It also celebrated substantial international successes, including partnerships with major public transportation systems. Investments were also made in key roles including sales, operations, engineering, and professional services, further supporting growth and innovation.
“This is an exciting milestone for our customers, partners and employees worldwide. Joining forces with Metropolis accelerates our mission and creates a powerful platform for growth,” said Avi Golan, CEO of Oosto. “At Oosto, we’ve consistently raised the bar for AI accuracy and performance to safeguard people across environments — from factory floors and college campuses to transit hubs and critical infrastructure. Partnering with Metropolis allows us to amplify our impact, extend our reach and deliver even greater value to our stakeholders.”
“Oosto has built an unparalleled reputation for delivering AI that performs seamlessly in the real world,” said Alex Israel, CEO and Co-Founder of Metropolis. “During customer visits, we were deeply impressed by Oosto’s ability to execute flawlessly, even in the most complex environments—whether it’s a bustling transit hub, a high-security venue, or a casino floor. Their engineering precision and focus on operational excellence align perfectly with Metropolis’s mission. Together, we’re accelerating innovation, scaling faster, and delivering transformative AI-powered solutions that redefine the customer experience.”
As part of the acquisition, Oosto’s team and employees will join Metropolis while providing continued support and service to all current and prospective customers and partners.
With Metropolis’ support, Oosto is poised to redefine the real-world applications of AI, combining industry-leading expertise to drive advancements in automation, safety, and security. The companies are well-positioned to deliver innovative solutions that enhance efficiency, ensure safety and create remarkable experiences for customers across diverse sectors.
About Metropolis
Metropolis is an artificial intelligence company whose computer vision platform enables checkout-free payment experiences for the real world. Continuing its trajectory as one of the fastest-growing technology companies in the United States, Metropolis envisions a future where people transact in the real world with even greater ease than experienced online. Following its take-private acquisition of SP+, Metropolis is now the largest parking network in North America with more than 4,000 locations. Its proprietary, artificial intelligence technology is deployed across the United States, reaching more than 50 million customers and processing over $5 billion in payments a year. To learn more about Metropolis, please visit www.metropolis.io.
