Algolux Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 111

Employees

  • Latest Deal Type
  • M&A

  • Investors
  • 1

Algolux General Information

Description

Developer of machine learning tools and workflows designed to optimize camera architectures for optimal image quality or for computer vision. The company leverages machine learning, deep perception technology, computational imaging, image processing, photography, and graphics to offer computer vision and cloud-based video analytics, enabling clients to get better results from their existing and new camera designs across all everyday scenarios like extreme lightning and adverse weather driving conditions efficiently.

Contact Information

Website
www.algolux.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 1751 Rue Richardson
  • Suite 4.400
  • Montreal, Quebec H3K 1G6
  • Canada
Primary Industry
Business/Productivity Software
Acquirer
Torc Robotics
Vertical(s)
Mobility Tech, SaaS, Artificial Intelligence & Machine Learning, TMT, Internet of Things
Corporate Office
  • 1751 Rue Richardson
  • Suite 4.400
  • Montreal, Quebec H3K 1G6
  • Canada

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Algolux Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
12. Merger/Acquisition 03-Apr-2023 Completed Generating Revenue
11. Later Stage VC (Series B) 11-Jun-2021 Completed Generating Revenue
10. Secondary Transaction - Private 02-Aug-2018 Completed Generating Revenue
9. Later Stage VC (Series A1) 02-Apr-2018 Completed Generating Revenue
8. Accelerator/Incubator 16-Oct-2017 Completed Generating Revenue
7. Seed Round 27-Sep-2017 Completed Generating Revenue
6. Seed Round 21-Mar-2017 Completed Generating Revenue
5. Debt - General 26-Jan-2017 Completed Generating Revenue
4. Seed Round 19-Aug-2014 $1.8M $2.15M Completed Generating Revenue
3. Accelerator/Incubator 01-Jan-2014 $350K $350K Completed Startup
To view Algolux’s complete valuation and funding history, request access »

Algolux Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of machine learning tools and workflows designed to optimize camera architectures for optimal image quality or
Business/Productivity Software
Montreal, Canada
111 As of 2023

Ridgewood, NJ

Tel Aviv, Israel
 
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Algolux Competitors (4)

One of Algolux’s 4 competitors is Infinium Labs, a Corporation company based in Ridgewood, NJ.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Infinium Labs Corporation Ridgewood, NJ
Autobrains Technologies Private Equity-Backed Tel Aviv, Israel
StradVision Venture Capital-Backed Pohang-si, South Korea
Clovity Corporation Dublin, CA
To view Algolux’s complete competitors history, request access »

Algolux Patents

  • 1

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

Algolux Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-2845215-A1 System and method for solving inverse imaging problems Inactive 07-Mar-2014

Algolux Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
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Key Data Points

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Algolux Former Investors (20)

Investor Name Investor Type Holding Investor Since Participating Rounds
Alumni Ventures Venture Capital Minority
Anges Québec Angel Group Majority
C100 Accelerator/Incubator Minority
Cognite Ventures Venture Capital Minority
Columbia Technology Ventures University Minority
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Algolux FAQs

  • When was Algolux founded?

    Algolux was founded in 2013.

  • Where is Algolux headquartered?

    Algolux is headquartered in Montreal, Canada.

  • What is the size of Algolux?

    Algolux has 111 total employees.

  • What industry is Algolux in?

    Algolux’s primary industry is Business/Productivity Software.

  • Is Algolux a private or public company?

    Algolux is a Private company.

  • What is Algolux’s current revenue?

    The current revenue for Algolux is .

  • How much funding has Algolux raised over time?

    Algolux has raised $31.8M.

  • Who are Algolux’s investors?

    Alumni Ventures, Anges Québec, C100, Cognite Ventures, and Columbia Technology Ventures are 5 of 20 investors who have invested in Algolux.

  • Who are Algolux’s competitors?

    Infinium Labs, Autobrains Technologies, StradVision, and Clovity are competitors of Algolux.

  • When was Algolux acquired?

    Algolux was acquired on 03-Apr-2023.

  • Who acquired Algolux?

    Algolux was acquired by Torc Robotics.

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