As part of the financing—for which RBC Capital Markets acted as agent—Telus will become the preferred wireless provider for the urban-tech company and will gain two positions on Miovision’s board of directors. (The Logic)

Talking point: Founded in 2005, Miovision’s smart-traffic platform is used by 17,000 municipalities to “modernize” their traffic management. The company plans to use its new capital to “accelerate” the growth of its platforms and increase its workforce. Miovision CEO Kurtis McBride told The Globe and Mail he envisions the company helping create open data civic infrastructures for cities. McBride said Telus’s involvement could give the telecommunications giant access to build its 5G network by attaching “small cells” to Miovision’s traffic infrastructure. A spokesperson told The Logic the two companies are “also exploring other ways the two companies can work together to help cities gain access to the data they need to make city life better for their citizens,” but wouldn’t offer further details.