Algolux said it’s trying to meet demand from auto suppliers for better driving- and parking-vision systems. Forté Ventures and Drive Capital co-led the round, with new investors including Investissement Québec and existing investors GM Ventures, Generation Ventures and Intact Ventures. (The Logic)
Skip to content
Algolux said it’s trying to meet demand from auto suppliers for better driving- and parking-vision systems. Forté Ventures and Drive Capital co-led the round, with new investors including Investissement Québec and existing investors GM Ventures, Generation Ventures and Intact Ventures. (The Logic)
Talking point: Canadian-led or -bred companies seem to be capitalizing on global interest in driver assistance and autonomous vehicles. Waabi launched with an US$83.5-million Series A round; Embark is going public; and Magna International signed a deal this year to make driver-assistance tools for Fisker. Algolux highlighted opportunities to boost both truck and passenger-vehicle performance in low light and poor weather conditions. Its selling point: algorithms that incorporate the cameras used in self-driving cars or advanced driver assistance.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Exclusive
Artificial Agency is ready to sell its AI tools to the games industry
Briefing
Cenovus’s Jon McKenzie says there’s no financial case for a new pipeline and major carbon capture
Ubisoft shuts down Winnipeg studio
Quebec invested over $760M in battery companies that eventually went under, report says
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
