Miovision attracts $120 million in latest funding round

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.