Traffic management startup Miovision recently secured an additional $36 million, concluding its latest funding round at $296 million. Notably, this round follows a $260 million investment from Telus Ventures, Maverix Private Equity, and Export Development Canada (EDC) six months ago.
A consortium of investors, including Telus, Maverix, EDC, McRock Capital, HarbourVest Partners, and BDC Capital’s Growth Venture Co-investment Fund, participated in this final tranche.
Miovision plans to expand its presence in the traffic management market and develop new products using the fresh capital. The company employs computer vision, AI, and analytics to enhance traffic management and reduce congestion and emissions.
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