The autonomous vision technology developer raised the cash in a GM Ventures-led round that included fellow CVC unit Intact Ventures.
Carmaker General Motors led a $10m series A round for Canada-based autonomous vision technology developer Algolux on Tuesday through its strategic investment arm, GM Ventures.
Intact Ventures, the corporate venture capital subsidiary of insurance firm Intact Financial, also participated in the round, as did VC firms Drive Capital and Real Ventures.
Algolux is developing computer vision analytics software for autonomous vehicles and devices that relies on machine learning algorithms to weigh automation training data against key performance indicators to improve…
