The autonomous vision technology developer raised the cash in a GM Ventures-led round that included fellow corporate venturing unit Intact Ventures.
Algolux, a Canada-based autonomous vision technology spinout of Columbia University, raised $10m in a series A round on Tuesday led by carmaker General Motors’ 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…
