Under a newly signed agreement, Torc Robotics – a subsidiary of Daimler Truck that is commercializing self-driving technology – is to acquire Algolux, a Montreal, Canada-based company with intellectual property and knowledge in the computer vision and machine learning sectors.
Torc has been working in close collaboration with artificial intelligence startup Algolux for more than a year on several perception concepts and methods to robustly enhance object detection and distance estimation. Additionally, the pair have been evaluating synergies between themselves.
Robust perception technology is vital to enable Torc’s autonomous system to correctly identify objects in difficult visual conditions including low light, fog and poor weather. Algolux’s software is currently operating on the first Freightliner Cascadia test vehicles and is being included in areas of Torc’s software development efforts.
“We’re thrilled to welcome Algolux to the Torc family,” said Peter Vaughan Schmidt, CEO of Torc. “Algolux’s technology, at the intersection of deep learning, computer vision and computational imaging, will help Torc strengthen key capabilities toward our commercialization of Level 4 autonomous trucking.”
Allan Benchetrit, president and CEO of Algolux, added, “Torc shares in our commitment to create robust technology to realize the potential of autonomy and help save lives, which is one of the many reasons why joining forces makes sense for our teams. Algolux’s established team with deep expertise in artificial intelligence/machine learning talent and perception complements Torc’s already experienced engineering team.”
Felix Heide, CTO of Algolux, commented, “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.”
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Interested in Torc? Stefan Koch, senior staff software engineer, Torc Robotics, will present on ‘Defining the right set of scenario categories for autonomous trucks’ at this June’s ADAS & Autonomous Vehicle Technology Expo conference, in Stuttgart, Germany.
