Telus Ventures invests in smart traffic management company

KITCHENER — Telus Ventures is heading up a $120-million minority investment in Miovision, a Kitchener, Ont.-based company that uses computer vision, artificial intelligence and advanced modelling to offer cities a modernized approach to traffic management. The Telus Ventures investment was supported by a syndicate of investors led by McRock Capital and includes both new investors and existing investors who chose to increase their support for Miovision, the company said in its news release. This funding will help Miovision to accelerate the growth of its smart traffic platform, hiring the talent needed to quickly develop new product capabilities and bring them...