Oxbotica, a global leader in autonomous vehicle software, has announced the completion of a $47 million Series B investment with partners across the globe led by bp ventures.
The funding will accelerate Oxbotica’s commercial deployment of its world-class autonomy software platform across multiple industries and key markets. The news is an endorsement of Oxbotica's 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. Oxbotica’s product is a software platform providing Universal Autonomy. It 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.
Ozgur Tohumcu, CEO of Oxbotica
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.
Paul Newman, CTO and Founder of Oxbotica
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).
