Oxbotica raises $140 million
Oxbotica, a UK-based startup that develops software to power autonomous vehicles, has raised $140 million in Series C funding from Aioi Nissay Dowa Insurance, ENEOS Innovation Partners, bp ventures, BGF, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science, ZF, and others. To date, Oxbotica has raised approximately ~$225 million.
Founded in 2014, Oxbotica sells and customizes its autonomous software, “Universal Autonomy,” for a range of enterprise customers. The funding will drive Oxbotica’s geographical expansion in North America, EMEA and APAC, and accelerate the deployment of its autonomy operating system in domains where there is “both urgent need and potential to scale,” such as agriculture, airports, energy, goods delivery, mining and shared passenger transportation.
“Oxbotica really sets itself apart from its competitors thanks to its ambitious vision to unlock Universal Autonomy. We are excited to combine Oxbotica’s world-class AI and robotic techniques with our own pioneering expertise in the telematics insurance arena. This will leave us well placed to develop innovative insurance products and services which will create a safer, greener and more secure society for everyone.” – Mitsuru Yamaguchi, senior managing executive officer at Aioi Nissay Dowa Insurance.