Algolux Tech - About the company
Algolux Tech is an acquired company based in Blacksburg (United States), founded in 2014 by Daniel Nahmias-Léonard, Felix Heide and Jonathan Assouline. It operates as a Provider of computer vision and cloud-based video analytics solutions. Algolux Tech has raised $31.8M in funding from investors like Real Ventures, GM Ventures and Forte Ventures. The company has 1262 active competitors, including 192 funded and 88 that have exited. Its top competitors include companies like Aptiv, Phantom and AInnovation.
Company Details
Provider of computer vision and cloud-based video analytics solutions. Its AI-based software provides perception solutions for various conditions. It caters to both existing cameras and new designs using cloud-based tools and embedded software. It utilises deep learning, computer vision, and computational imaging. The computer vision and image optimization solutions resolve safety issues for automotive ADAS, autonomous vehicles, fleets, autonomous mobile robots, and video security.
- Website
- algolux.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2014
Location
Blacksburg, United States
Stage
Acquired
Total Funding
$31.8M in 4 rounds
Latest Funding Round
Investors
Ranked
37th among 1262 active competitors
Employee Count
13 as on Sep 30, 2026
Exit Details
Acquired by Torc Robotics (Feb 28, 2023)
Legal entities associated with Algolux Tech
Algolux Tech is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
AVGSF - Algolux 2021, LLC CIN: 1857377 , United States, Active | $1 - $1M (As on May 04, 2021) | - | - |
Algolux Tech's acquisition details
Algolux Tech got acquired by Torc Robotics on Feb 28, 2023.
Click here to take a look at Algolux Tech's acquisition in detail
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Algolux Tech's funding and investors
Algolux Tech has raised a total funding of $31.8M over 4 rounds. Its first funding round was on Aug 18, 2014. Its latest funding round was a Series B round on Jun 15, 2021 for $*****. 7 investors participated in its latest round. Algolux Tech has 17 institutional investors.
Here is the list of recent funding rounds of Algolux Tech:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 15, 2021 | 9050224 | Series B | 7569001 | 1670255 | 4535964 | 9535778 |
May 01, 2018 | 3755053 | Series A | 5622618 | 9479901 | 5524733 | |
Sep 27, 2017 | 3190442 | Series A | 2152662 | 9722377 | 8958244 |
View details of Algolux Tech's funding rounds and investors
Algolux Tech's founders and board of directors
Founder? Claim ProfileHere are the details of Algolux Tech's key team members:
- Daniel Nahmias-Léonard: Co-Founder of Algolux Tech.
- Felix Heide: Founder and Chief Technology Officer of Algolux Tech. Contact Info: 1 email address
- Jonathan Assouline: Co-Founder - Head of New Technology Initiatives / Software Manager of Algolux Tech.
View details of Algolux Tech's Founder profiles and Board Members
Algolux Tech's employee count trend
Algolux Tech has 13 employees as of Sep 26. Here is Algolux Tech's employee count trend over the years:
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Algolux Tech's Competitors and alternates
Top competitors of Algolux Tech include Aptiv, Phantom and AInnovation. Here is the list of Top 10 competitors of Algolux Tech, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Aptiv 1994, Schaffhausen (Switzerland), Public | Provider of vehicle components, connectivity systems, and electrical distribution systems | - | 72/100 | |
2nd | Phantom 2016, Burlingame (United States), Acquired | AI-enabled full-stack system provider for autonomous vehicles | $80.2M | 70/100 | |
3rd | AInnovation 2018, Haidian (China), Public | AI-based software for the retail, manufacturing, and insurance sectors | $132M | 70/100 | |
4th | Ambarella 2004, Santa Clara (United States), Public | Manufacturer of AI-enabled image processors | $15.4M | 69/100 | |
5th | Provider of an AI-enabled visual intelligence platform | $34.9M | 66/100 | ||
6th | Metropolis 2017, Santa Monica (United States), Series D | Developer of computer vision technology for automated vehicle parking management | $833M | 64/100 | |
7th | Provider of a text scanning and recognition app for mobiles | $36M | 63/100 | ||
8th | StradVision 2014, Seoul (South Korea), Public | Developer of AI-based perception software for autonomous driving and advanced systems | $137M | 63/100 | |
9th | PopID 2017, Los Angeles (United States), Series B | Provider of face and palm biometric identity verification gateway solutions | $18.5M | 62/100 | |
10th | Provider of AI-based mapping systems generating high-definition vector data | - | 62/100 | ||
37th | Algolux Tech 2014, Blacksburg (United States), Acquired | Provider of computer vision and cloud-based video analytics solutions | $31.8M | 53/100 |
Looking for more details on Algolux Tech's competitors? Click here to see the top ones
Algolux Tech's Investments and acquisitions
Algolux Tech has made no investments or acquisitions yet.
Reports related to Algolux Tech
Here is the latest report on Algolux Tech's sector:
News related to Algolux Tech
•
Torc to Acquire Algolux for Artificial Intelligence TechWork Trucks•Mar 20, 2023•Torc Robotics, Algolux Tech
•
Daimler Truck autonomous unit acquiring AI specialistjust-auto•Mar 20, 2023•Daimler Truck, Algolux Tech
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Torc Robotics to acquire AlgoluxMar 14, 2023•Algolux Tech
•
Torc Robotics Announces Agreement to Acquire AlgoluxGlobeNewswire•Feb 28, 2023•Torc Robotics, Algolux Tech
•
Algolux extends Eos perception software to address critical ADAS and autonomous vehicle depth limitationsTelematics Wire•Sep 13, 2022•Algolux Tech
•
Algolux Extends Eos Perception Software to Address Critical ADAS and Autonomous Vehicle Depth LimitationsGlobeNewswire•Sep 12, 2022•Algolux Tech
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Algolux was selected for the AI-SEE project led by Mercedes Benz AG in order to ensure robust perception in poor visibility conditionsPR Newswire•Jul 22, 2021•Algolux Tech, Mercedes-Benz
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Algolux Closes $18.4 Million Series B Round for Robust Computer VisionPR Newswire•Jul 12, 2021•Algolux Tech, Forte Ventures, Drive Capital, Invest Quebec and 6 others
•
Algolux’s updated embedded perception software for ADAS and autonomous vehiclesTelematics Wire•Sep 24, 2020•Algolux Tech
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