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

  • Connected citizens boosts Boston’s traffic management
    March 30, 2017
    Data-derived traffic management is starting to show benefits as David Crawford discovers. The city of Boston has been facing growing congestion problems in its Seaport regeneration district, with the rate of commercial and residential growth threatening to overtake the capacity of the road network to respond.
    Read More
  • Intel and Inrix collaborate on smart cities platforms
    November 5, 2014
    Inrix and Intel Corporation have announced a strategic collaboration focused on developing next generation smart cities analytics platforms and applications. As part of their collaboration, Intel’s global investment organisation, Intel Capital, is investing US$10 million in Inrix. The two companies recently demonstrated a smart cities application at the White House in Washington, DC. Powered by Inrix real-time traffic information, the application is designed to help the city of San Jose more cost-effect
    Read More
  • Urbiotica acquires Fastprk products
    June 24, 2020
    Deal gives Urbiotica direct access to the US and Poland parking markets
    Read More
  • Developing ‘next generation’ traffic control centre technology
    July 4, 2012
    The Rijkswaterstaat and Highways Agency have joined forces to investigate what the market can do to realise an idealistic vision for traffic control centre technology. Jon Masters reports One particular seminar session of the Intertraffic show in Amsterdam in March was notably over subscribed. So heavy was the press to attend that your author, making his way over late from another appointment, could not get in and found himself craning over other heads locked outside to overhear what was being said. The
    Read More

Highlighted Content