Tech Company Financing Transactions
Algolux Funding Round
On 5/2/2018, Algolux landed $10 million in Series A investment from General Motors Corporation, Drive Capital and Intact Ventures.
Transaction Overview
Company Name
Announced On
5/2/2018
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Investors
General Motors Corporation (Lead Investor) (Jason Nolte)
Drive Capital (Mark Kvamme)
Proceeds Purpose
The new capital will be used to advance the company's ground-breaking technology and grow its global business development activities.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
1751 Richardson 4.400
Montreal QC, H3K 1G6
Canada
Montreal QC, H3K 1G6
Canada
Phone
Website
Email Address
Not Recorded
Overview
Algolux improves vehicle safety and system performance while reducing program risks. 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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Allan Benchetrit
Chief Financial Officer
Domenic Durante
Chief Technical Officer
Felix Heide
VP - Marketing
David Tokic
VP - R & D
Paul Boucher
VP - Sales
Ray Cisneros
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