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- Miovision
Miovision Funding, Investors & Competitors
Miovision has raised $356M across 5 funding rounds, most recently a $26M undisclosed-stage round in October 2023.
Last Miovision funding round
$26M
Undisclosed stage · Oct 2023
Cumulative funding Miovision raised
$356M
across 5 funding rounds
Key investors in Miovision
TELUS Global Ventures
McRock Capital
BDC Capital
Export Development Canada
HarbourVest Partners
MacKinnon, Bennett & Company
Maverix Private Equity
BDC Capital Corporation
About Miovision
Miovision is a Kitchener-headquartered provider of AI-powered traffic management systems deployed in over 1,000 cities worldwide. It collects multimodal data via edge devices using computer vision for signal optimization, incident detection, and mobility analytics. Solutions like TrafficNet serve municipalities in North America and Europe, partnering with agencies like the City of Los Angeles for reduced congestion.
Founded
2005
HQ
Website
Status
Privately held
Customer focus
B2G
Revenue model
Subscription
Miovision Funding History
Miovision has raised a total of $356M across 5 funding rounds.
Miovision's first fundraising round was a $30M Series B in February 2015. The most recent completed round was a $26M undisclosed-stage round in October 2023.
Miovision funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2023 | Undisclosed stage | Maverix Private Equity (lead); TELUS Global Ventures (lead); Export Development Canada; BDC Capital; McRock Capital; HarbourVest Partners | $26M | Miovision Technologies Inc. is a Kitchener, Ontario-based provider of AI-powered intelligent transportation solutions that help cities reduce traffic congestion, vehicle emissions, and improve public safety through multimodal traffic data and analytics at intersections for vehicles, bicycles, and pedestrians. The company operates offices in Germany, Serbia, and the US, positioning it in the growing intelligent transportation market. The company announced a growth funding round initially at C$260 million on April 17, 2023, co-led by TELUS Ventures, Maverix Private Equity, and Export Development Canada (EDC), which was increased by C$36 million to C$296 million on October 19, 2023, with additional participation from BDC Capital, HarbourVest Partners, and McRock Capital. The funding aims to accelerate organic and inorganic growth, including product development and scaling to meet demand for solutions addressing traffic congestion, transit performance, emergency response times, road safety, and environmental impact. Investors highlighted Miovision's potential to become a multi-billion dollar global champion, with strong momentum evidenced by acquisitions like Global Traffic Technologies ($107M from Vontier), Traffop, Rapid Flow, and MicroTraffic, expanding its portfolio of roadside devices and data-driven applications for safer, cleaner urban transportation networks. |
| Apr 2023 | Undisclosed stage | Export Development Canada (lead); Maverix Private Equity (lead); TELUS Global Ventures (lead) | $193M | Miovision is a global intelligent mobility leader that transforms how traffic is managed in cities and towns by providing multimodal traffic data analytics and solutions. Founded in 2005 and headquartered in Kitchener, Ontario, the company helps municipal governments, transportation agencies, and public safety organizations measure, manage, and optimize urban transportation networks. Miovision's platform enables customers to address traffic congestion, improve transit performance, reduce emergency response times, enhance road safety, and minimize environmental impact through data-driven insights. In 2023, Miovision raised C$296 million across two investment tranches from a consortium of investors including Export Development Canada, Maverix Private Equity, TELUS Ventures, McRock Capital, HarbourVest Partners, and BDC Capital's Growth Venture Co-investment Fund. The investors increased their commitment mid-round by C$36 million, demonstrating strong confidence in the company's market opportunity and execution. The company planned to deploy the capital toward accelerating organic and inorganic growth initiatives, product development, and market expansion. Miovision achieved significant momentum throughout 2023 and beyond. The company grew more than 40% organically in 2023, onboarded over 205 new customers, expanded into new geographic markets including Mexico and Latin America, and drove growth in the Middle East. By December 2025, the company reported 307% revenue growth over a three-year period and received recognition as a Deloitte Technology Fast 50 company for the second consecutive year, advancing to No. 258 on the Deloitte Technology Fast 500 list. The company also made four acquisitions in 2023, including Opticom, a notable player in transportation solutions, strengthening its product portfolio and market position. |
| Jan 2020 | Series D | TELUS Global Ventures (lead); Sixty Degree Capital; McRock Capital | $92M | Miovision, a Kitchener, Ontario-based company specializing in computer vision, AI, and advanced modeling for traffic management, announced a $120 million CAD minority funding round on January 28, 2020, led by TELUS Ventures (also referred to as TELUS Global Ventures), with participation from McRock Capital and Sixty Degree Capital among a syndicate of new and existing investors including a conversion of a prior $15 million convertible note from 2018. The round, considered Series C by the company, comprised $100 million in equity and $20 million in debt, aimed at accelerating growth of its smart traffic platform, hiring over 100 new employees to expand the Canadian workforce by 50%, and developing new product capabilities. TELUS also became Miovision's preferred global wireless provider, leveraging its IoT network for remote data access at intersections to improve traffic congestion, safety, emissions, and emergency response. The investment positioned Miovision to scale as a global platform for cities to measure, manage, and optimize traffic, focusing on multimodal data analytics for vehicles, cyclists, and pedestrians. TELUS Ventures gained two board seats, joining existing members from McRock Capital, MKB, and BlackBerry. This funding built on prior rounds, including a 2015 Series B of $30 million, supporting Miovision's vision for intelligent transportation solutions reducing congestion and emissions while enhancing public safety. Subsequent developments included an investor increase in October 2023, boosting a later round to C$296 million with TELUS Ventures, Maverix Private Equity, EDC, McRock Capital, HarbourVest, and BDC Capital for organic/inorganic growth and product investment. |
| May 2018 | Undisclosed stage | MacKinnon, Bennett & Company (lead); McRock Capital (lead); BDC Capital Corporation; BDC Capital; HarbourVest Partners | $15M | Miovision raised $15 million in a venture funding round in May 2018 from investors including MacKinnon, Bennett & Company and McRock Capital. |
| Feb 2015 | Series B | MacKinnon, Bennett & Company (lead); Comerica Incorporated; Plaza Ventures; Investeco Capital; Renewal Funds | $30M | Miovision Technologies, a Waterloo/Kitchener-based company founded in 2007 by University of Waterloo systems design engineering alumni, develops transportation technologies including the Scout Video Collection Unit for traffic data collection and cloud-based traffic management solutions to make intersections smarter, safer, and more environmentally sound. The company serves over 500 customers in 50 countries, with offices in Canada and Germany, and had grown to 75 staff by early 2015. It had previously received institutional investment from Investeco in 2011 and a $3 million round led by Investeco in 2012, with Investeco becoming the second largest shareholder after investing $2.4 million to date. In February 2015, Miovision closed a $30 million CAD Series B financing round led by Montreal-based MacKinnon, Bennett & Company, with participation from Investeco Capital, Renewal Funds, Plaza Ventures, Comerica Incorporated, and a $1.4 million investment from Sustainable Development Technology Canada. The funds were intended to expand the workforce, accelerate growth, and advance the company's vision of smart cities through innovative traffic management products. Canadian investors were specifically sought, highlighting confidence in domestic funding sources. Miovision had been recognized in the Deloitte Technology Fast 50 awards for two consecutive years prior to the round, underscoring its rapid growth as a leader in transportation-related technologies. As part of the transaction, Alex Chamberlain from Investeco joined the board, alongside existing representative Deepak Ramachandran. The investment was positioned to fuel strong growth by bringing innovative products to market. |
Who has invested in Miovision?
13 investors have backed Miovision across its funding rounds, including TELUS Global Ventures, McRock Capital, BDC Capital, Export Development Canada, HarbourVest Partners and MacKinnon, Bennett & Company.
Lead investors include Maverix Private Equity, TELUS Global Ventures, Export Development Canada, MacKinnon, Bennett & Company and McRock Capital.
Miovision Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jan 2020 | ||
| 3 | Lead | May 2018 | ||
| 2 | Lead | Apr 2023 | ||
| 2 | Lead | Feb 2015 | ||
| 2 | Lead | Apr 2023 | ||
| 2 | Participant | May 2018 | ||
| 2 | Participant | May 2018 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Participant | Feb 2015 | ||
| 1 | Participant | May 2018 | ||
| 1 | Participant | Feb 2015 | ||
This data is available for Pro users. Sign up to see all 13 Miovision investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Miovision
Miovision has acquired 6 companies to date.
Last acquisition by Miovision was on March 4th 2024. Miovision acquired Traffic Technology Services for undisclosed valuation.
Latest Acquisitions by Miovision
| Description | Traffic Technology Services is a Beaverton, Oregon-headquartered technology firm delivering information services for connected and automated vehicles. Its flagship Personal Signal Assistant product communicates with public traffic signals to forecast switch timings using cloud-based infrastructure. Deployed nationwide, the solution integrates vehicle-to-infrastructure via standard protocols. A Munich-based European subsidiary supports global expansion, backed by traffic engineers and data scientists since incorporation in 2014. | CJ Hensch & Associates is a Pennsylvania-based firm offering traffic data collection using pneumatic tube counters, video analytics, and Bluetooth detection for highways and intersections. It serves state departments of transportation, municipal engineering departments, and private developers on projects involving turning movement counts and speed studies. The company maintains equipment calibration labs and provides 24-hour data processing services. | Minneapolis-based Global Traffic Technologies manufactures Opticom priority control systems for emergency vehicles and Canoga traffic-sensing systems used in intersections worldwide for over 50 years. | MicroTraffic is a Vancouver-headquartered AI platform analyzing overhead traffic cameras for road safety insights. The system detects near-misses and predicts crash risks with 94% accuracy at 95 cities including Los Angeles, Austin, Toronto, and Amsterdam. Cities using MicroTraffic's plans achieve 80% risk reduction toward Vision Zero goals. Deployed since 2020, it supports public works departments in North America and Europe. | |
| HQ Country | |||||
| HQ City | Portland, OR | - | Saint Paul, MN | Winnipeg | |
| Deal Date | 4 Mar 2024 | 18 Jan 2024 | 17 Apr 2023 | 28 Feb 2023 | |
| Valuation | undisclosed | undisclosed | $107M | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Miovision Competitors
Miovision competitors include listed companies like Full Truck Alliance, WiseTech Global, Zhuzhou CRRC Times and Descartes Systems Group, and private ones like Hayden AI and Flexport.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $140M | - | ||
| Publicly listed | $1.9B | $676M | $8.4B | 2.8x | ||
| Private | $471M | - | $8B | - | ||
| Publicly listed | $779M | $315M | $7.6B | 6.8x | ||
| Publicly listed | $4.3B | $710M | $7.5B | 1.8x | ||
| Publicly listed | $729M | $305M | $6.8B | 8.1x |
Miovision Public Comps
Miovision is still privately-owned, but its public comps include Roper Technologies, Dassault Systemes, Manhattan Associates, Full Truck Alliance, WiseTech Global, Zhuzhou CRRC Times, Descartes Systems Group, WEX, ServiceTitan and EquipmentShare.com.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.9B | $3.2B | 6.1x | 5.7x | 15.2x | 14.6x | |||
| $7.2B | $2.2B | 4.0x | 4.0x | 13.2x | 11.2x | |||
| $1.1B | $288M | 11.2x | 10.6x | 42.2x | 29.7x | |||
| $1.9B | $676M | 2.8x | 2.8x | 7.6x | 6.9x | |||
| $779M | $315M | 12.3x | 6.8x | 30.5x | 14.4x | |||
| $4.3B | $710M | 1.9x | 1.8x | 11.2x | 8.5x | |||
| $729M | $305M | 8.8x | 8.1x | 21.1x | 17.7x | |||
| $2.7B | $992M | 2.2x | 2.1x | 6.0x | 4.8x | |||
This data is available for Pro users. Sign up to see all Miovision competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Miovision
| When was Miovision founded? | Miovision was founded in 2005. |
| Where is Miovision headquartered? | Miovision is headquartered in Kitchener, Canada. |
| Is Miovision publicly listed? | No, Miovision is a private, VC-backed company. |
| How much funding has Miovision raised? | Miovision has raised $356M across 5 funding rounds. |
| What was Miovision's last funding round? | Miovision's last funding round was a $26M undisclosed-stage round in October 2023, led by Maverix Private Equity and TELUS Global Ventures. |
| Who are Miovision's investors? | Miovision's investors include TELUS Global Ventures, McRock Capital, Export Development Canada, MacKinnon, Bennett & Company, Maverix Private Equity, BDC Capital, HarbourVest Partners, Sixty Degree Capital, Comerica Incorporated, BDC Capital Corporation and 3 others. |
| Which companies are comparable to Miovision? | Companies comparable to Miovision include Hayden AI, Full Truck Alliance, Flexport, WiseTech Global, Zhuzhou CRRC Times and Descartes Systems Group. |
| How many companies has Miovision acquired? | Miovision has acquired 6 companies, including Traffic Technology Services, CJ Hensch & Associates, Global Traffic Technologies, MicroTraffic and Rapid Flow Technologies. |
| What was the largest acquisition by Miovision? | The $107M acquisition of Global Traffic Technologies in April 2023 is the largest acquisition Miovision has made to date. |
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