Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Algolux Announces USD $10 Million Series A-1 for Robust Autonomous Vision
  • USA - English


News provided by

Algolux, Inc.

May 01, 2018, 09:05 ET

Share this article

Share toX

Share this article

Share toX


MONTREAL (PRWEB) May 01, 2018 -- Algolux Inc., the leading provider of machine-learning stacks for autonomous vision and imaging, is pleased to announce the closing of a USD $10M Series A funding round led by General Motors (GM) Ventures. The syndicate includes Drive Capital, Intact Ventures, and a follow-on investment from Real Ventures. The new capital will be used to advance the company’s ground-breaking technology and grow its global business development activities.

Algolux’s unique machine learning applications can accelerate the realization of these performance gains for next generation perception stacks, and thus accelerate the advancement of safe autonomous transportation

Post this

Algolux has introduced innovative deep perception technology to enable autonomous vision, empowering vehicles and devices to address the difficulties posed by every-day scenarios like extreme lighting and adverse weather conditions. Deployments can lead to safer ADAS and autonomous vehicles, more accurate video security systems, and better mobile imaging in harsh circumstances, while accelerating the provider’s time-to-market.

The need to deploy more capable and safer vision systems, combined with the company’s technical advantages, have helped accelerate recent wins with key customers in the automotive market, the company’s current focus. The company has also been collaborating closely with the automotive imaging and vision system community as a member of the camera-centric IEEE SA-P2020 Standard for Automotive System Image Quality, contributing to the development of methods and metrics to enable improved vehicle safety.

“Safety is the overriding priority for autonomous vehicle development. Complete autonomy will only be realized through a leap in perception and inference performance. Algolux’s unique machine learning applications can accelerate the realization of these performance gains for next generation perception stacks, and thus accelerate the advancement of safe autonomous transportation," said Jason Nolte, GM Ventures Investment Manager.

“Drive Capital is passionate about enabling the next generation of sensing systems, with a strong focus on how artificial intelligence can advance the state of the art. We’re excited to be an early investor in Algolux because we believe the company’s powerful approach to addressing the challenges in computer vision will accelerate phenomenal growth in the market for perception systems,” said Mark Kvamme, Partner at Drive Capital.

Jason Nolte and Mark Kvamme will be joining the Algolux Board of Directors. They will serve alongside Alan MacIntosh (General Partner at Real Ventures), Chris Rowen (CEO of Babblabs and founder of Tensilica), and CEO Allan Benchetrit.

“We are excited to see our innovative approach to autonomous vision and imaging stacks gaining so much traction. Today’s systems are facing extreme challenges in conditions that are actually ubiquitous in the real world and therefore essential for automotive safety," said Dr. Felix Heide, co-founder and CTO. “At Algolux, we develop end-to-end vision stacks that eliminate parameters and processing blocks that traditionally have been hand-tuned and often fail in the important corner cases. By learning these parameters and processing blocks, our technology generalizes across sensor configurations and offers a natural way to design safe fusion systems.”

“We are delighted to welcome GM Ventures, Drive Capital and Intact Ventures to Algolux. As the number of cameras more than triple to over 45 billion in the next 5 years, providers will be challenged to meet the demand for complex technical specifications, especially with regards to safety in the automotive industry,” said Allan Benchetrit, co-founder and CEO. “Our growing customer engagement and the recognition from industry and strategic investors clearly validate that Algolux is filling a market need through increased vision system effectiveness, quicker time-to-market, and considerable cost savings.”

About Algolux
Algolux enables autonomous vision - empowering vehicles and devices to see more clearly and perceive what cannot be sensed with today’s vision systems. Computer vision is at the heart of autonomous cars, ADAS, mobile devices, security cameras (IoT), AR/VR, robotics, drones, and medical equipment, leading the next wave of market growth and social impact. Developed by a team of machine learning, computer vision, and image processing researchers, our patented deep vision and optimization technologies optimize imaging and vision systems while improving the costs, time-to-market, and expertise challenges faced by product development teams.

Visit us at http://www.algolux.com.

© Copyright 2018 Algolux, Inc. Algolux, the Algolux logo, CRISP, CRISP-ML, CANA, and other designated brands included herein are trademarks of Algolux in the United States and other countries. All other trademarks are the property of their respective owners.

Dave Tokic, Algolux, Inc., http://www.algolux.com, +1 (877) 424-9107 Ext: 0, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.