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.
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.