Algoryx Simulation AB was formed in 2007 in Umeå, Sweden as a spin-off company from Umeå University. Algoryx currently has two products Algodoo (formerly Phun) and AGX Multiphysics a professional physics engine for engineering and real-time simulations.
In February 2011 Algoryx was selected for the list of Top-20 companies to represent Swedish Innovation, by the Swedish Institute, a Swedish government agency [1] [2] . In March 2011 Algoryx was ranked as one of Sweden's most promising young high tech companies by business magazine Affärsvärlden[3] and tech news paper Ny Teknik.[4]. In May 2011 Algoryx was selected by Red Herring for the Top 100 list of the most innovative companies in Europe[5].