Miovision has raised a $193M funding round to help cities reduce traffic congestion through computer vision software solutions.

 

Miovision has raised a $193M funding round to help cities reduce traffic congestion through computer vision software solutions.   The company has provided its software to over 2,000 customers in 63 countries. Miovision enables cities to reduce traffic congestion and vehicle emissions through smart transportation software solutions.  The company uses computer vision algorithms to detect, monitor, and investigate issues remotely. This solution is used for car crashes, double-parked cars, bus stop lines, etc. Miovision has provided its service to customers in 63 countries, detecting 30 billion vehicles and over 1.5 billion pedestrians. Telus Ventures, Maverix Private Equity, and Export Development Canada led the funding round. The company is based in Kitchener, Canada.