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đź“ť Metropolis acquires Oosto
Liam Gill
January 21, 2025
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Metropolis has acquired Oosto, the rebranded AnyVision, for $125 million—far below the $380 million it raised over its lifetime. While Metropolis, an AI-driven parking platform processing $5 billion annually, aims to integrate Oosto’s technology into its computer vision systems, Oosto’s history of controversial surveillance uses and declining revenues ($20 million annually) highlight the risks of high-valuation AI startups. Despite geopolitical challenges and shifting public attitudes toward AI in defense, this acquisition signals a focused strategy on enhancing parking automation rather than broadening applications, reflecting lessons learned from Oosto’s turbulent path.
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