The railway data analysis firm’s round was led by Trucks Venture Capital. MUUS Climate Partners, Active Impact Investments and Blackthorn Ventures also participated in the equity deal. The funds will be used to make sure the company’s product is “100 per cent” reliable and add new features, CEO Dev Jain told The Logic. (The Logic)

Talking point: RailVision’s EcoRail software uses machine learning to make throttle and braking recommendations as a way to help railways reduce fuel consumption and greenhouse gas emissions. “A locomotive engineer right now sitting in the cab has virtually no transparency over what’s going on,” said Jain. “There’s still very, very little tech in the cab of locomotives.” The company’s customers include Metrolinx, the Port of Montreal and Via Rail. Last week, Via Rail extended its pilot program with RailVision in the Ottawa-Toronto corridor with the goal of eventually expanding it nationwide, Jain said.