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

  • Ford and StreetLight Data combine on safety  
    October 16, 2020
    Collision data and travel patterns are overlaid to see where road improvements are needed
    Read More
  • Smart transport systems investment will continue to grow despite public sector cuts
    May 30, 2012
    The ITS sector is now going through an evolution driven by the maturation of communications technologies and their increasing adoption in major cities worldwide. The widespread availability of high-speed networks, both fixed and wireless, along with the ability to embed intelligence in physical objects throughout the urban environment and the diffusion of mobile devices that can send and receive real-time vehicle or infrastructure information, is driving the adoption of smart transportation systems in citie
    Read More
  • Bridge & tunnel management: seeing the bigger picture
    September 10, 2024
    A variety of technologies are available to monitor the health of critical infrastructure – and to keep the drivers who use it safe by flagging incidents while reducing false alarms
    Read More
  • Trafficware's smart signal game-changer
    June 5, 2018
    After more than a year in research and development, customer focus groups, and input from renowned industrial design teams, Trafficware is unveiling its smart city-ready, advanced traffic controller (ATC), branded Commander, today at ITS America Detroit. “Commander is more than a traffic controller: it is a platform for the future of smart intersections and showcases Trafficware’s extensive experience in software and hardware design,” says Clyde Neel, Trafficware’s chief of engineering, who led the design
    Read More

Highlighted Content