logo
logo

Algolux Closes $18.4 Million Series B Round For Robust Computer Vision

Jul 12, 2021•almost 4 years ago

Amount Raised

$18.4 Million

Round Type

series b

Montreal

Description

Algolux, a globally recognized computer vision software company, today announced it has raised $18.4 million in Series B funding. This round was co-led by Forte Ventures and Drive Capital with additional funding from new investors Investissement Quebec, Castor Ventures, and Nikon-SBI Innovation Fund, as well as existing investors GM Ventures, Generation Ventures, and Intact Ventures.

Company Information

Company

Algolux

Location

Montreal, Quebec, Canada

About

Algolux is a globally recognized computer vision company delivering the industry's most robust and scalable perception for all conditions, addressing both existing cameras and new designs through cloud-based tools and embedded AI software. Named to the 2021 CB Insights AI 100 List of the world's most innovative artificial intelligence startups, the company was founded on groundbreaking research at the intersection of deep learning, computer vision, and computational imaging. Our computer vision and image optimization solutions address the mission-critical issue of safety for automotive ADAS, autonomous vehicles, fleets, autonomous mobile robots, and smart city traffic video analytics. Algolux is headquartered in Montreal, with offices in Palo Alto and Munich. Learn more at algolux.com For the latest news on Algolux, follow us on LinkedIn, Twitter and YouTube.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech