Algolux
Software DevelopmentCanada51-200 Employees
Torc Robotics Announces Definitive Agreement to Acquire Algolux https://torc.ai/torc-algolux-acquisition
Strong Industry Recognition Algolux has been recognized with the 2021 North America Technology Innovation Leadership Award in computer vision, highlighting its innovative solutions and positioning it as a leader in the computer vision market. This recognition can be leveraged to build credibility with clients seeking cutting-edge visual perception technologies.
Robust Funding Backing With an $18 million funding round and significant investments from major industry players like General Motors and Forte Ventures, Algolux demonstrates strong financial backing and growth potential, making it attractive for strategic partnerships and enterprise clients seeking reliable, well-supported technology solutions.
Recent Product Launch The launch of Eos Robust Depth Perception Software in September 2022 shows Algolux’s active product development focused on advanced depth sensing solutions for autonomous vehicles and robotics, providing sales opportunities with automotive and technology firms investing in scalable perception systems.
Market Expansion Opportunity Recent partnerships, notably with Torc Robotics following their acquisition, suggest an expanding footprint within the autonomous driving sector, offering avenues for businesses to collaborate on integrated perception software and leverage Algolux’s scalable, robust computer vision solutions.
Strategic Investor Relationships Long-standing investment from GM Ventures since 2018 combined with recent strategic partnerships positions Algolux as a key player with direct ties to automotive industry leaders, opening doors for industry-specific solutions and collaborative ventures in fleet management, autonomous driving, and safety systems.
Algolux uses 8 technology products and services including Amazon Web Services, Jenkins, jQuery Migrate, and more. Explore Algolux's tech stack below.
| Algolux Email Formats | Percentage |
| First.Last@algolux.com | 81% |
| FL@algolux.com | 10% |
| LF@algolux.com | 6% |
| FLast@algolux.com | 3% |
Software DevelopmentCanada51-200 Employees
Torc Robotics Announces Definitive Agreement to Acquire Algolux https://torc.ai/torc-algolux-acquisition
Algolux has raised a total of $18M of funding over 7 rounds. Their latest funding round was raised on Jul 12, 2021 in the amount of $18M.
Algolux's revenue is estimated to be in the range of $1M$10M
Algolux has raised a total of $18M of funding over 7 rounds. Their latest funding round was raised on Jul 12, 2021 in the amount of $18M.
Algolux's revenue is estimated to be in the range of $1M$10M