Algolux Raises $2.6 Million Series A Round from Real Ventures and Angel Investors

Posted by Knowlton Thomas

Algolux today raised $2.6 million.

The Series A round was led by by Real Ventures, with participation from a consortium of angel investors.

The Montreal-based startup, which specializes in computational optics, says the funding will enable it to commercialize its deblurring software while continuing to build out its IP portfolio.

“We are thrilled to have secured funding from such an insightful and collaborative investment group,” said Allan Benchetrit, CEO of Algolux. “Our vision is to provide an essential deblurring engine for mobile optics."

"The capital will allow us to work towards our primary goal of licensing Algolux technology to our partners so that they can immediately offer higher quality images to their customers," he added. "In addition, they will be able to lower the manufacturing costs of their cameras and reduce device thickness.”

The company's technology enables cameras to capture clear images with existing lenses. It also allows camera manufacturers to produce thinner and lighter camera modules at lower costs. Algolux says it is focusing its efforts on smartphones and tablets at this time, but adds that the technology can be implemented in all camera types, including video surveillance and medical imaging.

As part of the financing, Alan MacIntosh, Partner at Real Ventures will also be joining the company’s board of directors, as will Helge Seetzen, CEO of TandemLaunch and Sylvain Desjardins, co-President of VoiceAge.

Algolux has grown from 5 to 15 employees this year.
 

Company:
Real Ventures
Website:
http://www.realventures.com
Location:
Montréal, Québec, Canada

We look for inspiring entrepreneurs who exhibit unique insight and appreciation of their target market and industry. You can be first time or seasoned. If you have passion, vision and a big opportunity we want to work with you. We’ve had our successes and failures, so we should know what you’re going through and so we look for entrepreneurs who want our input and are open to this collaborative approach. We look to... more

Company:
Algolux
Website:
http://www.algolux.com
Location:
Montréal, Québec, Canada

Our computational optics enable better pictures, thinner cameras and cheaper optics. more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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