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Algolux - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about Algolux including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

Algolux company logo

Robust Perception for All Conditions

Algolux provides AI-driven solutions for robust vision systems, focusing on improving perception for automotive applications.

HeadquartersMontreal, Canada
Team size11-50
Founded2015

What is Algolux? - Company Overview & Details

Algolux is Algolux provides AI-driven solutions for robust vision systems, focusing on improving perception for automotive applications. Founded in 2015, the company is headquartered in Montreal, Canada.

Who Founded Algolux?

Algolux was founded by .

Who are the Key Executives at Algolux? - Leadership Team

Algolux is led by experienced executives in key positions:

Chief Executive Officer (CEO) of Algolux

CEO

Chief Technology Officer (CTO) of Algolux

CTO

Algolux Company Details & Key Information

Where is Algolux located?

Algolux is headquartered in Montreal, Canada.

How many employees does Algolux have?

Algolux has 11-50 employees.

When was Algolux founded?

Algolux was founded in 2015.

Algolux Official Website

How much funding has Algolux raised?

Algolux has raised $28.4 Million across 8 funding rounds. The most recent funding was completed on 2021-08-12.

Funding Overview

Algolux has raised a total of $28.4 million across multiple funding rounds, including a recent Series B round.

$28.4 Million
Total Funding Raised
8
Funding Rounds
2021-08-12
Latest Round

Algolux Funding History

Series A
2018-05-04
$10 Million
Series B
2021-08-12
$18.4 Million

Who are the key investors in Algolux?

Algolux is backed by 3 key investors including General Motors Ventures, Drive Capital, Forté Ventures. These investors focus on Automotive, AI Technology, Technology sectors.

Algolux Investor Overview

3
Key Investors
5
Focus Areas
4
Notable Investments

Complete List of Algolux Investors

General Motors Ventures

Leading investor in Algolux, contributing to multiple funding rounds.

Investment Focus
Automotive
AI Technology
Notable Portfolio Companies
$10 Million in Series A
$18.4 Million in Series B

Drive Capital

Invests in early and growth-stage technology companies.

Investment Focus
Technology
Software
Notable Portfolio Companies
$18.4 Million in Series B

Forté Ventures

Focuses on early-stage venture capital investments.

Investment Focus
AI
Software
Notable Portfolio Companies
$18.4 Million in Series B

What sectors do Algolux investors focus on?

The investors backing Algolux primarily focus on Automotive, AI Technology, Technology, Software, AI sectors.

Automotive
AI Technology
Technology
Software
AI

Featured Investor: General Motors Ventures

General Motors Ventures

Leading investor in Algolux, contributing to multiple funding rounds.

Notable Investments: $10 Million in Series A, $18.4 Million in Series B

What are Algolux's future plans?

Algolux Focus on enhancing technology for ADAS and autonomous vehicles and increase market presence.

Algolux Strategic Outlook

Strategic Focus
Defined
2
Key Challenges
2
Growth Opportunities

What challenges does Algolux face?

Algolux has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for Algolux

1

Competition in AI and computer vision

2

Integration into automotive systems

What opportunities does Algolux have?

Algolux has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for Algolux

1

Growth in autonomous vehicle market

2

Partnerships with automotive manufacturers

Algolux Strategic Position Summary

Key Focus Areas

Algolux is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about Algolux?

Algolux has 2 recent news updates covering key business developments and market activities.

Algolux News Overview

2
Recent Articles
Active
Media Coverage
2023-03-20
Latest Update

What is Algolux in the news for?

Algolux is currently featured in news for Torc Robotics, Inc. partnered with Algolux on Mar 21st '23. and other significant business developments.

Recent News Articles About Algolux

Article 1
2023-03-20

Torc Robotics, Inc. partnered with Algolux on Mar 21st '23.

Torc Robotics has entered an acquisition agreement with Algolux to integrate their technology into self-driving trucks.

eenewseurope.com
Read News
Article 2
2023-02-24

General Motors invests into Algolux $10M.

GM Ventures was the leading investor in Series A funding, which brought in $10 million for Algolux.

gmauthority.com
Read News

Algolux FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about Algolux including information about founders, CEO, funding history, investors, headquarters location, and company details. 16 frequently asked questions covering key information about the company.

Algolux Questions & Answers - Company Information

Q1

What is Algolux?

Algolux provides AI-driven solutions for robust vision systems, focusing on improving perception for automotive applications.

Q2

Who founded Algolux?

Algolux was founded by .

Q3

How much funding has Algolux raised?

Algolux has raised a total of $$28.4 Million across 8 funding rounds. The most recent funding was completed on 2021-08-12.

Q4

Who are the investors in Algolux?

Algolux's key investors include General Motors Ventures, Drive Capital, Forté Ventures.

Q5

Where is Algolux headquartered?

Algolux is headquartered in Montreal, Canada.

Q6

When was Algolux founded?

Algolux was founded in 2015.

Q7

How many employees does Algolux have?

Algolux has 11-50 employees.

Q8

What is Algolux's official website?

You can visit Algolux's official website at http://www.algolux.com/?utm_source=linkedin&utm_medium=social&utm_campaign=profile.

Q9

What was Algolux's latest funding round?

Algolux's latest funding round was a Series A round of $$10 Million completed on 2018-05-04.

Q10

What does the company do?

Algolux provides AI-driven solutions for robust vision systems, focusing on improving perception for automotive applications.

Q11

How much funding?

$28.4 Million

Q12

Latest funding date?

2021-08-12

Q13

Who are the investors?

General Motors Ventures Drive Capital Forté Ventures

Q14

What are the challenges?

Competition in AI and computer vision Integration into automotive systems

Q15

What are the opportunities?

Growth in autonomous vehicle market Partnerships with automotive manufacturers

Q16

Latest news?

Torc Robotics has entered an acquisition agreement with Algolux to integrate their technology into self-driving trucks. GM Ventures was the leading investor in Series A funding, which brought in $10 million for Algolux.

More Information About Algolux

For additional details about Algolux, including the latest news, funding updates, and company developments, explore our comprehensive company database. Find information about startup funding, company valuations, executive leadership, and business intelligence data.