Monday, January 24, 2022

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Algolux: Closes $18.4M Series B Funding

Algolux Closes $18.4M Series B Funding

  • Algolux, a Montreal, QC, Canada-based computer vision software company, raised $18.4M in Series B funding
  • The company provides computer vision and image optimization solutions that address the mission-critical issue of safety for ADAS and autonomous vehicles
  • It uses computational imaging to design algorithms that treat the camera as part of the overall perception stack
  • This leads to the resolution of harsh cases such as low-light, low contrast, and obstructions for object detection, imaging, and geometric estimation
  • In addition, using physical camera models reduces training data needs
  • The company is also announcing the appointment of Matthias Schulze as Vice President Europe and Asia
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