News Summary

Montréal-based startup LocusX has successfully raised $3 million in a seed funding round led by venture builder Diagram Ventures and entertainment tech-focused Triptyq Capital. The funding aims to advance LocusX’s AI-powered debugging software designed to improve the ‘fix rate’ of programming bugs in video game development. Founded by CEO François Pelland and CTO Yan Côté, LocusX has developed an ‘issue resolution engine’ that identifies and proposes fixes for bugs, though final bug resolution decisions are left to developers. The startup plans to enhance its product and expand its team with the new funds. LocusX, a product of a venture studio model by Diagram and Triptyq, seeks to address industry challenges exacerbated by the pandemic, including employment declines and changes in Québec’s multimedia tax credit. While currently focusing on gaming, LocusX also sees future applications in augmented and virtual reality programming.