Miovision receives $1.5 million from Ontario gov’t to expand team

Funding Rounds

▤ Summary

The Ontario government is investing $1.5 million in Kitchener-based Miovision to help grow the company’s team. The investment will support Miovision moving in to Catalyst137, a 475,000 square feet hub dedicated to IoT. This is a leading information and communication technology company that is driving innovation in the ICT marketplace and shaping the future of smart cities. Our investment through the Southwestern Ontario Development Fund is helping the company accelerate its growth, increase its global competitiveness, create highly-skilled jobs and strengthen the regional economy in Kitchener.” “We work with cities around the world to make traffic better – whether improving traffic flow, making roads safer, or helping cities plan for streets that accommodate drivers, cyclists and pedestrians. This investment helps us scale up so we can focus on what matters to us the most, making a bigger impact with cities,” said Kurtis Mcbride, CEO of Miovision.

$ Funding

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Amount $1.5M Total raised
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Date January 30, 2018 Announcement date
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Investors - Lead investors
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Company http://www.miovision.com Funded company

▥ Classifications

industries
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applications
Collaboration & Communication

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Labels
Intelligent Transportation Systems Traffic Management Software Adaptive Signal Control

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