The Quebec City-based company, whose systems run sensors that help self-driving vehicles see their environments, announced a debt facility from Desjardins Group and a Series D round, led by FS Investors with other investors including Investissement Québec, BDC Capital, Fidelity funds, Export Development Canada and Desjardins Capital. (The Logic)

Talking point: Unnamed sources told La Presse, which earlier reported aspects of the round, that the Series D could be one of the final steps toward a public offering. The company had been considering an IPO at one point last year, and has previously said it had to burn through cash in the capital-intensive endeavour of making autonomous vehicles even better than human drivers. CEO Charles Boulanger separately told Le Journal de Montreal on Wednesday that the Quebec government is investing US$9.2 million in financing in exchange for preferred shares, and that it also has American investors as part of its larger funding strategy.