Torc Robotics to acquire Algolux
02 March 2023
Torc Robotics, an independent subsidiary of Daimler Truck AG and a pioneer in commercializing self-driving vehicle technology, has signed an agreement to acquire Algolux Inc. Torc is acquiring Algolux for its award-winning intellectual property and expertise in the areas of computer vision and machine learning.
This acquisition brings together Algolux’s end-to-end AI stack, from photons to behavior, with Torc’s pioneering autonomous technology. Add in a tightly integrated OEM truck platform and you have a dream scenario. While many think of autonomous transportation as futuristic, this winning combination will help bring to market a commercially viable, safety-critical long-haul trucking application at scale.—Felix Heide, Algolux CTO
Algolux has been consistently recognized for excellence in its field and has been named to the 2021 CB Insights AI 100 List of the world’s most innovative artificial intelligence startups. Torc has been working closely with the company for more than a year on multiple perception concepts and methods for robustly improving object detection and distance estimation, while evaluating synergies between the two companies.
Robust perception technology is key to helping Torc’s autonomous system correctly identify objects in difficult visual conditions such as low light, fog, or inclement weather. Algolux software is currently operating on initial Freightliner Cascadia test vehicles and is being included in areas of Torc’s software development efforts.
Algolux is headquartered in Montreal, Canada, with offices in Palo Alto, CA, and Munich, Germany. The transaction will close after the parties complete various pre-closing activities, including any required approvals.