Algolux develops computer vision and image-optimization solutions that treat the camera as part of the overall perception stack, using computational imaging and physical camera models to address harsh cases such as low-light, low-contrast, and obstructions. Its algorithms aim to improve object detection, imaging, and geometric estimation while reducing training-data requirements. The company plans to accelerate adoption of its products across mobility markets, grow engineering and customer-enabling teams to scale worldwide support, and expand into additional verticals enabled by camera applications. Algolux is led by CEO Allan Benchetrit and has offices in Montreal, Palo Alto and Munich. The company announced the appointment of Matthias Schulze as Vice President Europe and Asia to help accelerate its go-to-market strategy. No operating metrics or revenue figures were disclosed in the article. Algolux develops machine-learning stacks and deep perception technology for autonomous vision and imaging, addressing challenges such as extreme lighting and adverse weather. Its technology targets deployments in ADAS and autonomous vehicles, accurate video security systems, and mobile imaging in harsh circumstances. The company is led by co-founders Dr. Felix Heide (CTO) and Allan Benchetrit (CEO). Algolux closed a $10M Series A-1 funding round to support its growth. The company intends to use the new capital to advance its technology and expand global business development activities. Algolux is based in Montreal, Canada. Algolux, based in Montreal, develops computational optics technology and software that enables cameras to capture crystal-clear images with existing lenses. Its technology also allows camera manufacturers to produce thinner, lighter camera modules at lower manufacturing costs. The company's solutions can be implemented across camera types, including video surveillance, in-vehicle cameras, medical imaging and wearables, and it is focusing efforts on smartphones and tablets. Led by President & CEO Allan Benchetrit, Algolux intends to use the Series A funds to commercialize its software while continuing to build out its IP portfolio. The company secured $2.6M in Series A financing and currently has 15 employees. The round was led by Real Ventures with participation from unnamed angel investors.

Total raised

$31M

Funding rounds

3

Latest round

Series B

Latest activity

Jul 2021