About Algolux Tech
Algolux Tech is an Industrial Goods & Manufacturing company based in Montreal (Canada) founded in 2014 by Felix Heide, and was acquired by Torc Robotics in February 2023. AI-based computer vision and cloud-based video analytics solutions are provided. It operates in the Industrial Goods & Manufacturing, Transportation, Automotive & Logistics, and Technology sectors. Algolux Tech has raised $31.83 million across 4 funding rounds from investors including Nikon, Intact Ventures and Torc Robotics. Algolux Tech offers products and services including Self-Driving Vehicle Software. Its focus areas include High Tech, Security & Surveillance Technology, Surveillance and Video Surveillance. Its legal entity is AVGSF - Algolux 2021, LLC.
Company details
Algolux Tech was founded in 2014 in Montreal, Canada, focusing on computer vision and video analytics in the AI sector. Perception capabilities are delivered through software that adapts to diverse conditions, supporting both existing cameras and new installations via cloud tools and embedded systems. Deep learning, computer vision, and computational imaging techniques are applied to address safety challenges in automotive ADAS, autonomous vehicles, fleets, mobile robots, and video security applications.
- Headquarters Montreal, Canada
- Founders Felix Heide
- Stage Acquired
- SectorsIndustrial Goods & ManufacturingTransportation, Automotive & Logistics Technology
- Phone•••• ••••
- Website algolux.com
- Social LinkedIn X
- Acquired by Torc Robotics (Feb 2023)
- Legal Name Avgsf - Algolux 2021, Llc
- Total Equity Funding$31.83M (USD)
in 4 rounds
- Latest Funding Round$18.4M (USD), Series B
Jun 2021
- InvestorsNikon
& 10 more
- Acquired byTorc Robotics
(Feb 2023)
Products & Services of Algolux Tech
Algolux Tech offers a comprehensive portfolio of products and services, including Self-Driving Vehicle Software.
Software for Level 4 autonomous trucking and object detection
Funding Insights of Algolux Tech
Algolux Tech has successfully raised a total of $31.83M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $18.4 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $31.83M
- Total Rounds 4
- Last Round Series B — $18.4M
- First Round $2.6M
(Aug 2014)
- Investors Count 10
All 4 funding rounds of Algolux Tech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $18.4M | Series B | – | Drive Capital, Forte Ventures | |
| May 2018 | $10M | Series A | – | GM Ventures | |
| Sep 2017 | $825,000 | Series A | – | Playground Global | – |
| Aug 2014 | $2.6M | Series A | – | Real Ventures | – |
11 investors in total: 11 institutional.
Investors in Algolux Tech
Algolux Tech has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Nikon, Intact Ventures and Torc Robotics.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on pre-seed and seed stage investments | drivecapital.com | Columbus, United States | ||
Investments are made in US tech companies by Forte Ventures. | forteventures.com | Atlanta, United States | ||
| generationventures.com | ||||
Venture capital funding is provided by General Motors-backed firm. | gmventures.com | Warren, United States | ||
Early-stage venture capital is provided to Canadian technology startups by Real Ventures. | realventures.com | Montreal, Canada | ||
Venture capital fund focused on tech startups | playground.global | Palo Alto, United States | ||
Business guidance for corporate companies and startups | investquebec.com | Quebec City, Canada | ||
Insurance brokerage services are offered across Canada by Intact. | 1905 | intact.ca | Toronto, Canada | |
Nikon is recognized as a key technology solutions company. | 1917 | nikon.com | Minato, Japan | |
Provider of property & casualty insurances | 1809 | intactfc.com | Toronto, Canada |
Investor details for Algolux Tech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Algolux Tech
201 people are tracked at Algolux Tech (46 in leadership, 155 in team).
| Name | Role | Group |
|---|---|---|
Felix Heide | Founder & CTO | Leadership |
Meghan Juanarena | Senior Director Talent Acquisition | Leadership |
Marlena Kimbleton | Finance Business Partner | Leadership |
Brent Epperly | Director Of Engineering | Leadership |
Tim Zuercher | VP of Engineering - Autonomy | Leadership |
Kiley Thompson | Director of Content Marketing | Leadership |
Steve Jones | Director - Compliance And Training | Leadership |
Rebeca Delgado | VP Of Engineering - Autonomy Applications | Leadership |
Annie Reape | Vp, Global Talent Management | Leadership |
Dalong Li | Director Of Engineering | Leadership |
Whitney Kinservik | Vice President, Engineering Enablement | Leadership |
Jamie Swaim | Chief People Officer | Leadership |
Martin Stoffel | Director Software Development Kits And Ecus | Leadership |
Stephan Vargas | Vice President Engineering | Leadership |
C.J. King | Chief Technology Officer | Leadership |
Erik Kinservik | Director Of Engineering - Vehicle Intent | Leadership |
Fiete Botschen | Director Of Engineering | Leadership |
Pam Poulakos | Director, Technology Business Operations | Leadership |
April Alexander | Senior Human Resources Business Partner | Leadership |
Jane Bailey | Vice President, Marketing & Communications | Leadership |
181 more people are available in the full profile.
Complete people profiles for Algolux Tech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Algolux Tech
4 dated milestones of Algolux Tech across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Algolux Tech is founded.
- Funding First funding round of $2.6M.
- Funding Latest funding round, Series B, of $18.4M.
- Exit Acquired by Torc Robotics.
Web traffic of Algolux Tech
Websites that share an audience with Algolux Tech (algolux.com).
Websites whose visitors overlap most with Algolux Tech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cs.ubc.ca | cs.ubc.ca | 100% | – | ||
encrypted.google.com | encrypted.google.com | 100% | – | ||
| techcrunch.com | 80% | 8.3M | #10,239 | View details | |
na3.salesforce.com | na3.salesforce.com | 60% | – | ||
| linkedin.com | 60% | 1.9B | #18 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Algolux Tech
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Frequently Asked Questions about Algolux Tech
Algolux Tech was founded in 2014.
Algolux Tech is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Algolux Tech is a funded company, having raised a total of $31.83M across 4 funding rounds to date. The company's 1st funding round was a Series A of $2.6M, raised on Aug 2014.
Algolux Tech was founded in 2014 in Montreal, Canada, focusing on computer vision and video analytics in the AI sector. Perception capabilities are delivered through software that adapts to diverse conditions, supporting both existing cameras and new installations via cloud tools and embedded systems. Deep learning, computer vision, and computational imaging techniques are applied to address safety challenges in automotive ADAS, autonomous vehicles, fleets, mobile robots, and video security applications.
Algolux Tech offers Self-Driving Vehicle Software.
Algolux Tech has 11 investors. Key investors include Nikon, Intact Ventures, Torc Robotics, Intact Insurance, and Drive Capital.
Algolux Tech operates through Avgsf - Algolux 2021, Llc.
Yes. Algolux Tech was acquired by Torc Robotics in February 2023.