Miovision attracts $120 million in latest funding round

28 January 2020

On Jan. 28, 2020, Miovision Technologies Inc., a Canadian company using computer vision, artificial intelligence and advanced modelling to help cities modernize their approach to traffic management, announced that it had completed a $120 million minority funding round led by TELUS Ventures and supported by a syndicate of investors led by McRock Capital.

With offices in Kitchener, Canada and Cologne, Germany, Miovision serves over 17,000 municipalities around the world. This funding will help Miovision become the platform that cities will use to measure, manage, and optimize traffic congestion and safety.

Gowling WLG advised Miovision on this funding round with a team that included Todd Bissett, Radhika Vaidyanathan, Ahsan Sadiq, Jodey Therriault, and Andrew Griffin.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

Related   Tech, Private Equity