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Oxbotica Raises $140M More As Its B2B Autonomous Vehicle Platform Gains Ground

Jan 10, 2023•over 2 years ago

Amount Raised

$140 Million

OxfordMachine LearningArtificial Intelligence

Description

Activity in the self-driving car industry, frenetic for years, has somewhat stalled in more recent times; but a handful of the most promising companies are continuing to see their businesses grow and attract investment in the process. In one of the more recent developments, Oxbotica, a startup out of England that develops software to power autonomous vehicles, has closed Series C round of $140 million, money that it will be using to continue building out services for existing clients and to drum up new business in that wake.

Company Information

Company

Oxbotica

Location

Oxford, Mississippi, United States

About

Oxbotica was founded in 2014 by Oxford professors, Paul Newman and Ingmar Posner. Since then, we have grown from a start-up through to one of the world’s leading autonomous driving software companies. We build software for real-world application, drawing on principles of physics, robotics, maths, AI and a dedicated team to perfect our technology. Our autonomous vehicle software is deployed across multiple sectors, bringing the benefits of autonomy to businesses globally. We’re working to build an eco-system that supports the adoption of autonomous vehicles, building partnerships to accelerate the deployment of Universal Autonomy.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech