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Algolux: Closes $18.4M Series B Funding | Fintech InShorts: Latest fintech news, analysis by experts

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Algolux: Closes $18.4M Series B Funding

By Steve Sam

July 27, 2021

Algolux Closes $18.4M Series B Funding

Algolux, a Montreal, QC, Canada-based computer vision software company, raised $18.4M in Series B funding
The company provides computer vision and image optimization solutions that address the mission-critical issue of safety for ADAS and autonomous vehicles
It uses computational imaging to design algorithms that treat the camera as part of the overall perception stack
This leads to the resolution of harsh cases such as low-light, low contrast, and obstructions for object detection, imaging, and geometric estimation
In addition, using physical camera models reduces training data needs
The company is also announcing the appointment of Matthias Schulze as Vice President Europe and Asia

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