Miovision raises $120m to develop traffic platform

Miovision has raised $120 million to further develop its smart traffic platform.
By Ben Spencer March 4, 2020 Read time: 1 min
Miovision raises funds to develop smart traffic platform (Source: © Purplecat | Dreamstime.com)

The company says it will use the Internet of Things (IoT) network of Telus Ventures – which led the funding round - to provide traffic signals allowing cities to remotely access, analyse and action data generated at intersections.
 
In 2017, Miovision launched the smart traffic platform to helps cities modernise their existing analogue traffic signals by adding connectivity and video-based, multimodal traffic measurement and analysis.
 
The Telus investment was supported by investors led by McRock Capital, which puts money into industrial IoT companies. RBC Capital Markets acted as Miovision’s exclusive private placement agent for this round of investment.

 

Urban Traffic Control

For more information on companies in this article

Related Content

  • Why integrated traffic management needs a cohesive approach
    April 10, 2012
    Traffic control is increasingly being viewed as one essential element of a wider ‘system of systems’ – the smart city. Jason Barnes, Jon Masters and David Crawford report on latest ideas and efforts for making cities ‘smarter’ Virtually every element of the fabric and utilitarian operations that make urban areas tick can now be found somewhere in the mix that is the ‘smart city’ agenda. Ideas have expanded and projects pursued in different directions as the rhetoric on making cities ‘smarter’ has grown. App
    Read More
  • Toronto agrees urban mobility trials with Ovin
    June 6, 2024
    Firms will deploy new traffic camera and sensor technologies which use AI and 5G
    Read More
  • Iteris connects with Siemens and Sirius XM
    June 5, 2018
    This is your chance to connect to a smart and multimodal future, and Iteris. Here at ITS America Detroit, visitors will get a first-hand look at connected vehicle technology in action through a partnership with Siemens and Sirius XM to provide an on-street demonstration of the seamless integration of the Iteris PedTrax pedestrian detection technology with roadside and onboard units. As a long-time provider of intersection detection sensor technology to public agencies, Iteris is committed to ensuring the a
    Read More
  • M&A in ITS: upward mobility
    February 17, 2021
    2021 has kicked off with a flurry of M&A activity. Adam Hill asks the bosses of IRD and Iteris what we should make of their new purchases – and finds out why the whole process is a bit like dancing…
    Read More

Highlighted Content