AI-powered parking platform Metropolis today announced that it raised $1.7 billion to acquire SP Plus, a provider of parking facility management services, in a combination of equity and debt.

Eldridge Capital and 3L Capital co-led the tranche with participation from BDT & MSD Partners’ affiliated credit funds, Vista Credit Partners, Temasek, Slow Ventures and Assembly Ventures. As a part of the financing, Metropolis will take on $650 million in loans and $1.05 billion in Series C preferred stock financing.

Metropolis will pay roughly $1.5 billion for SP Plus “while retaining significant capital on its balance sheet,” Metropolis co-founder and CEO Alex Israel said in a press release. Prior to the latest fundraise, Metropolis had raised $226 million in total.

The Renaissance sculptor Michelangelo was known for claiming that he deserved little credit for his beautiful works: they were already there inside the rock, he merely cut them out. ‘Every block of stone,’ he said, ‘has a statue inside it and it is the task of the sculptor to discover it. I saw the angel in the marble and carved until I set him free.’

The final product already existed within Michelangelo’s ideals. But it took years of trial and error, practice, and failure to reach the point of being able to give form to it. In a similar sense, Nietzsche would say the ‘you’ that you must become is already there. It’s already inscribed in your values. That which you admire – the preponderance of all your latent virtues – reflects who you are in the truest sense.

The act of becoming who you are is the act of carving your ideal self out of the hard stone of your psyche – of bringing greater and greater refinement to the crude shapes of character that exist in you now. Simultaneously an act of discovery and creation, to become who you are is to bring your virtues to life and synthesise them into a unified whole. Nietzsche proclaims:

Whether you’re battling foes in a virtual arena or collaborating with colleagues across the globe, lag-induced disruptions can be a major hindrance to seamless communication and immersive experiences.

That’s why researchers with the University of Central Florida’s College of Optics and Photonics (CREOL) and the University of California, Los Angeles, have developed new technology to make data transfer over optical fiber communication faster and more efficient.

Their new development, a novel class of optical modulators, is detailed in a new study published recently in the journal Nature Communications. Modulators can be thought of as like a light switch that controls certain properties of data-carrying light in an optical communication system.

Google’s search engine dominance in the market share is causing a competitive disadvantage to other competitors like Bing, as it uses its power to improve its algorithm, ultimately placing it further.

A novelist transforms the physicist John von Neumann into a scientific demon.

The good news is, so far, no exploits appear to have been released for the latest vulnerabilities, says Dustin Childs, head of threat awareness for Trend Micro’s Zero Day Initiative.

“We have no indication regarding the potential exploitability of these bugs,” he says. “We are not aware of any active exploits using these bugs.”

Exim is the most popular mail transfer agent on the Internet, accounting for 59% — or 253,000 — of identifiable mail servers on the Internet, according to a March 1 scan of MX servers. Postfix, another open source mail transfer agent, is the second most popular, with 149,000 detectable installations.