Miovision, a Kitchener, Canada-based provider of intelligent transportation solutions, raised $260M in funding.
The round was co-led by Telus Ventures, Maverix Private Equity and Export Development Canada (EDC).
The company intends to use the funds to accelerate organic and inorganic growth initiatives, as well as increase investment in product development.
Led by CEO Kurtis McBride, Miovision enables cities to reduce traffic congestion and vehicle emissions throught scalable intelligent transportation solutions. Its AI-powered platform helps communities improve traffic efficiency at the intersection and make roads safer for all types of road users – vehicles, bicycles and pedestrians.
Since 2005, the company’s systems have detected over 30 billion vehicles and 1.5 billion pedestrians, assisting nearly 2,000 customers in 63 countries.
Miovision also has offices in Germany, Serbia, and the US.
FinSMEs
18/04/2023