Oxbotica, a global leader in autonomous vehicle software, has completed a $47 million Series B investment round. The funding will accelerate Oxbotica’s commercial deployment of its software platform across multiple industries and key markets.
Investors in the round include bp ventures, BGF, Halma, HostPlus, IP Group, Tencent, Venture Science, and funds advised by Doxa Partners. The investment has been raised from across the globe including Australia, China, UK, and the U.S.
Oxbotica’s product is a software platform providing hardware agnostic, ‘Universal Autonomy’. The UK company says it’s applicable to a vast array of vehicle types both on and off road.
Ozgur Tohumcu, CEO of Oxbotica, says: “We are very excited about the amazing endorsement we have received from new and existing investors. This round of investment marks a key chapter in Oxbotica’s continued growth and pushes us forward in commercialising our autonomous software today, through key strategic go-to-market partnerships. The high-quality and global footprint of our investors cements our position as a leader in autonomy. We will use funds raised to accelerate the global deployment of our transformative technology.”
Paul Newman, CTO and Founder of Oxbotica, adds: “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, comments: “bp ventures are delighted to invest in Oxbotica – we believe its 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.”
Oxbotica is a global leader in autonomous vehicle software. Oxbotica was founded in 2014 as an Oxford University spin-out with a mission to develop autonomy software that will transform all industries where people and goods move.