Miovision Technologies raises $15-million to expand smart intersection products

As cities become ever more digitally connected, Miovision Technologies Inc. has raised another $15-million to expand its smart intersection products and lay the groundwork for future urban innovations.

The financing round, to be announced Monday, is a sign of faith from Miovision investors that its technology will continue to be integral to cities of the future. It’s led by the company’s largest shareholder, Montreal’s MacKinnon, Bennett & Co. (MKB), as well as new investor McRock Capital of Toronto. Further funding comes from Business Development Bank of Canada and the Boston private-equity investment firm HarbourVest Partners.

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