Oxford-based autonomous vehicle software company Oxbotica has completed a $47 million (£35.5 million) investment round to accelerate the commercial deployment of its autonomy software platform.
It says the funding, secured by working with partners across the globe led by bp ventures, is an endorsement of its “go-to-market strategy, deploying its autonomy software in industrial use cases in advance of rolling out in urban passenger transportation applications in the future”.
Oxbotica was founded in 2014 by Oxford University professors, Paul Newman and Ingmar Posner. Since then, the company has grown from a UK robotics start-up to one of the world’s leading autonomy companies. Its product is a software platform providing what it calls Universal Autonomy. The company says this platform is “fast to deploy, low energy, hassle free, hardware agnostic autonomy and applicable to a vast array of vehicle types both on and off road. The advanced technology supports Oxbotica’s unique horizontal B2B model providing operators, integrators and manufacturers the autonomy functionality and flexibility they need – be that a full stack or on a component-by-component basis.”
Paul Newman, CTO and Founder of Oxbotica, said: “We have a vision, we have the technology, we have the team, we see the markets and we have the customers. Adding these high quality investors to this mix, means we can continue to accelerate Oxbotica, and change the way bits (software) move atoms (people and goods).”
Investors in the round include BGF, bp ventures, Halma, HostPlus, IP Group,Tencent, Venture Science, and funds advised by Doxa Partners. With financial and strategic investors in Australia, China, UK and the USA, Oxbotica is placed at the centre of a global autonomy ecosystem.
(Picture – Oxbotica)