HomeUKOxbotica Raises $47M in Series B Funding

Oxbotica Raises $47M in Series B Funding

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Oxbotica

Oxbotica, a London, UK-based provider of autonomous vehicle software solutions, completed a $47m Series B funding round.

The round was led by bp ventures with participation from BGF, bp ventures, Halma, HostPlus, IP Group,Tencent, Venture Science, and funds advised by Doxa Partners.

The company intends to use the funds to accelerate commercial deployment of its autonomy software platform across multiple industries and key markets.

Founded in 2014 by Ozgur Tohumcu, CEO, and Paul Newman, CTO, Oxbotica provides a software platform offering Universal Autonomy which 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 the company’s horizontal B2B model providing operators, integrators and manufacturers the autonomy functionality they need – be that a full stack or on a component-by-component basis.

FinSMEs

06/01/2020