Miovision attracts $120 million in latest funding round

On Jan. 28, 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 (Canada) LLP advised Miovision on this funding round with a team that ncluded 
Todd Bissett
Radhika Vaidyanathan,
Ahsan Sadiq,
Jodey Therriault,
and Andrew Griffin.

Norton Rose Fulbright Canada LLP acted as external legal counsel to TELUS with a team that included
Brad Sollis,
Janet Grove,
Emily Campbell,

and Matthew Choi. 

Andras Vagvolgyi, Kristopher Britch and Maria Preovolos were in the TELUS in-house counsel team that supported TELUS on this transaction.