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Algolux, a Montreal, QC, Canada-based computer vision software company, raised $18.4M in Series B funding. The round was led by Forte Ventures and Drive Capital with participation from Investissement Quebec, Castor Ventures, Nikon-SBI Innovation Fund, GM Ventures, Generation Ventures and Intact Ventures. As part of the funding round, Louis Rajczi, Partner at Forte Ventures, and Alistair Mitchell, President at Generation Ventures have joined the Algolux Board of Directors. Alan MacIntosh, Board Partner at Real Ventures, will be moving to a Board Observer role. The company intends to use the funds to achieve the following three goals: Accelerate adoption of its products across mobility markets ....
Sponsored Links Algolux, an AI software company based out of Quebec, has announced the closure of series B funding, raising $18.4 million to help accelerate market adoption of the company’s scalable computer vision and image optimization solutions. GM Ventures was among the companies leading this investment round. The other companies leading the series B funding round included Forte Ventures, Drive Capital, Investissement Quebec, Castor Ventures, Nikon-SBI Innovation Fund, Generation Ventures, and Intact Ventures. GM Ventures initially invested in Algolux in 2018, pouring millions into the Canadian technology company. The software company received $10 million during Series A funding. Algolux develops technology that enables the operation of autonomous vehicles, including image optimization to provide critical data to self-driving vehicle algorithms. ....
Algolux Closes $18.4 Million Series B Round for Robust Computer Vision prnewswire.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.co.uk Daily Mail and Mail on Sunday newspapers.
TidalScale Announces Reseller Agreement with OMTX apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Posted on 195 This infusion of additional capital allows Gradient to expand its product offerings, accelerate its customer acquisition plans, and expand its Board of Directors with the addition of Kyle Beatty, Managing Director at American Family Ventures. Kyle brings deep domain and investing expertise in insurtech, data analytics, and enterprise software platforms, including prior leadership and product positions at Verisk Analytics, Willis Towers Watson, and Risk Management Solutions. Gradient’s artificial intelligence solutions help commercial insurers automate and improve underwriting results, reduce claim costs, and improve operational efficiencies. The Gradient software-as-a-service (SaaS) platform boasts a proprietary dataset comprised of tens of millions of claims, which is complemented with several economic, health, and litigation datasets. This robust aggregation of data provides out-of-the-box ....