Oxbotica, a London-based company that provides software for autonomous vehicles solutions, has closed a $47 million Series B financing round.
It was led and managed by bp ventures, with participation from BGF, bp ventures Halma, HostPlus, IP Group, Tencent, Venture Science, and funds managed by Doxa Partners.
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Oxbotica Funds $47M of Series B Capital
The Company intends to utilize the funds to speed up the commercialization of its software platform for autonomy across a variety of sectors along with key markets.
2014 the Company was founded in 2014 by Ozgur Tohumcu, who is the CEO, along with Paul Newman, CTO; Oxbotica offers a software platform that offers Universal Autonomy which is fast to implement, low-energy as well as hassle-free, hardware-agnostic autonomous and applies to an array of vehicle models both off and on the road.
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The advanced technology supports the Company’s horizontal B2B model providing operators, integrators and manufacturers the autonomy functionality they need – whether on a full stack or a component-by-component basis.
