Oxbotica wraps major Series B funding round
Oxbotica, a UK-based autonomous vehicle software specialist, has completed a $47 million Series B investment.
It has now raised $80 million in total.
The venture, which was founded in 2014 by Oxford University professors, Paul Newman and Ingmar Posner, will use the cash to accelerate the commercial deployment of its platform across multiple industries and key markets.
Investors in the round include BGF, bp ventures, Halma, HostPlus, IP Group,Tencent, Venture Science, and funds advised by Doxa Partners.
Newman comments: “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).”
Erin Hallock, bp ventures Managing Partner, says: “We believe Oxbotica’s software could accelerate the market for autonomous vehicles.”
“Helping to accelerate the global revolution in mobility is at the heart of bp’s strategy to become an integrated energy company focused on delivering solutions for customers.“
Ocado
In 2017, Oxbotica partnered with Ocado for an autonomous delivery service in London. Further details on which can be found here.
