Real Ventures leads $2.6 mln Series A funding of imaging platform Algolux
Computational imaging platform Algolux has secured $2.6 million in a Series A financing round. The deal was led by Canadian venture capital firm Real Ventures and joined by several angel investors. Funding will be used to commercialize the company's deblurring software, foster partnerships with smartphone manufacturers, and continue building the Algolux IP portfolo. Montréal's Algolux is one of the “synthetic companies” built around market-ready ideas and patents by TandemLaunch, which was profiled by peHUB Canada in June. As part of the latest round, Real Ventures' partner Alan MacIntosh and TandemLaunch CEO Helge Seetzen will join the company's board of directors.
18 August 2014•3 mins read
