April 17, 2023

Miovision,  which acquired Mobility21 Spin Off Company Rapid Flow Technologies and maintains an office in Pittsburgh, made the following announcement:

Miovision, a leading provider of intelligent transportation solutions that enable cities to reduce traffic congestion and vehicle emissions while improving public safety, announced today it has raised $260M in growth funding in a round co-led by TELUS Ventures, Maverix Private Equity and Export Development Canada (EDC).

“This investment will enable Miovision to continue to develop our platform and quickly integrate new acquisitions, including our recent acquisition of Global Traffic Technologies (GTT), building on the momentum the company has achieved over the last 18 months with the acquisitions of Traffop, Rapid Flow and MicroTraffic,” said Miovision CEO Kurtis McBride. “These acquisitions are helping Miovision rapidly add new applications that we can deliver via our network of devices at the roadside and intersection, reducing the upfront cost of deploying data-driven solutions that can help cities make their transportation networks safer and cleaner while supporting broader urban planning objectives.”

Read the full article here.