Algolux
Latest round
- Series B
Last raised
- Jul 2021
Total raised
- $31M
Investors
- 12
About Algolux
Algolux Inc.Algolux Inc. was founded in 2013 and is headquartered in Montreal, Canada. The company focuses on developing cutting-edge AI technology for autonomous systems, including a comprehensive artificial intelligence stack that integrates deep learning and computer vision.Algolux Inc. specializes in advanced computer vision and machine learning technologies, particularly in the context of autonomous vehicles. The company offers an end-to-end artificial intelligence (AI) stack that integrates deep learning, computer vision, and computational imaging. These technologies enhance object detection and distance estimation, essential for the safe operation of autonomous systems, particularly in challenging visual conditions such as low light and adverse weather.Algolux operates on a business-to-business (B2B) model, providing its AI solutions to automotive manufacturers and technology partners engaged in the development of autonomous vehicles. The revenue structure is based on partnerships, licensing agreements, and integration services, where clients pay for the deployment of Algolux’s software tailored to their specific needs. Engagements often involve multi-year contracts ensuring ongoing support and software updates, contributing to a stable revenue stream.In February 2023, TORC Robotics, Inc., enhancing its capabilities towards the commercialization of Level 4 autonomous trucking. Algolux plans to enhance its product offerings and deepen its integration into existing partnerships in the United States and Canada, with potential expansions into other regions driven by increasing demand for autonomous technologies.
Who invested in Algolux
12 investors across 4 rounds
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Questions about Algolux
Who invested in Algolux?
Algolux has 12 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Algolux raised?
Algolux has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Algolux last raise money?
Algolux's most recent round on record is a Series B, in Jul 2021.
What does Algolux do?
Algolux is a software company.
Where is Algolux headquartered?
Algolux is headquartered in Montreal, Canada.
Which VCs invest in companies like Algolux?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Algolux's stage. Their profiles are linked below.
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