# Miovision Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/miovision-technologies

- Industry: Software
- Headquarters: Kitchener, Canada
- Website: www.miovision.com
- Total disclosed funding: $24M
- Latest round: Series B (Feb 11, 2015)
- Investors on record: 5

## About

Based in Canada, Miovision Technologies Inc. specializes in innovative traffic management solutions, providing municipalities with advanced tools to improve traffic efficiency and safety through data analytics and adaptive systems.Founded in 2005 in Kitchener, Canada, Miovision Technologies Inc. focuses on traffic management technology, enhancing how urban areas address their transportation challenges. The company has received a total of CAD 36.00 mn in funding, with the latest round being a GROWTH round backed by investors including BDC Capital and TELUS Ventures. The firm's history includes a total of 12 deals, reflecting its ongoing engagement in the industry. The CEO, Kurtis McBride, leads the company as it continues to evolve its offerings in the traffic management sector.Miovision offers a comprehensive range of traffic management products, including a data-driven system that provides real-time traffic counts, classification, and safety analytics. Its solutions utilize advanced video detection technologies and adaptive signal control systems, assisting municipalities with traffic flow optimization. The company serves numerous cities across North America and Europe, partnering with municipalities such as Detroit and Austin, as well as various traffic agencies and smart city projects globally.Miovision generates revenue through diverse transactional models, primarily from subscriptions for its software solutions and sales of hardware products, including video detection systems and adaptive traffic signal controllers. Government partnerships facilitate multi-year agreements, enabling continuous access to Miovision's analytics and management tools. Specific projects like the Miovision Safety Studies and Opticom Traffic Signal Priority systems significantly contribute to the company’s revenue stream.Miovision plans to leverage its recent funding from Sixty Degree Capital to develop new products aimed at improving traffic management solutions. The company is targeting expansion into additional urban markets across North America and Europe by the end of 2024, aiming to enhance its client base and service offerings in these regions. This strategic growth will bolster Miovision's ability to provide comprehensive traffic management solutions tailored to the needs of modern cities.

## Funding rounds

- Series B, Feb 11, 2015, $24M — Comerica Capital Advisors, InvestEco Capital, Plaza Ventures, Renewal Funds, MKB

## Investors

- Comerica Capital Advisors — Series B
- InvestEco Capital (https://capitalatlas.ai/funds/investeco-capital) — Series B
- Plaza Ventures (https://capitalatlas.ai/funds/plaza-ventures) — Series B
- Renewal Funds (https://capitalatlas.ai/funds/renewal-funds) — Series B
- MKB (https://capitalatlas.ai/funds/mkb) — Series B