[Enterprise AI] Computer Vision Software Startup Algolux Brings In $18.4M in Series B Funding

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enterprise AI algolux

Algolux, a computer vision startup that builds software for advanced driver assistance systems (ADAS) and for autonomous vehicles, has secured $18.4 million in new Series B funding from a group of investors that includes General Motors’ investment division, GM Ventures.

The new funding, which raises the Montreal, Canada-based company’s total funding to $31.8 million so far, was co-led by investors Forté Ventures and Drive Capital. Other investors include Investissement Quebec, Castor Ventures, Nikon-SBI Innovation Fund, GM Ventures, Generation Ventures, and Intact Ventures.

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