|
listen to this article  |
Oxbotica’s Driver aims to turn any vehicle into a self-driving car. | | Source: Oxbotica
Oxbotica has announced it has raised $140 million in Series C funding, bringing the company’s total funding to date to $225 million. Oxbotica aims to use this investment to drive expansion into new geographic markets and deploy its autonomous driving software more quickly.
Oxbotica’s flagship product, the Oxbotica Driver, is a full-stack autonomous system. It consists of automotive software modules that can work with any sensor, vehicle or platform. The platform gives users access to the full range of autonomous vehicle (AV) capabilities, including device drivers, mapping, obstacle detection, sensor recognition, and prediction.
We also offer Oxbotica Cloud, which connects self-driving vehicles to customers’ existing fleet management platforms, and Oxbotica MetaDriver, which aims to reduce the time and cost of validation and validation processes when implementing AVs.
Gavin Jackson, CEO of Oxbotica, said: mentioned in the release.
New investors Aioi Nissay Dowa Insurance Co., Ltd. and ENEOS Innovation Partners participated in the round, joining previous investors bpventures, BGF, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent and Venture Science. , with the participation of ZF.
“Oxbotica was founded eight years ago on the vision of universal autonomy: to provide safe and sustainable autonomy independent of workplace and vehicle type.” With the talent and experience, we deliver on our promise to create value for our customers, communities and the planet using the best of AI, robotics and the metaverse.A bold vision to redefine the role of humans in vehicle operations. We welcome new investors to share.”
The company plans to use the newly raised funding to drive its geographic expansion into North America, Europe, the Middle East and Asia, and expand into new operating system domains. These include agriculture, airports, energy, goods delivery, mining and shared passenger transportation. Oxbotica plans to target domains that urgently need autonomy and may be able to scale with that autonomy.
