University of Oxford’s autonomous driving software developer Oxbotica has secured $47m in a series B round featuring IP Group as well as several corporates.
Oxbotica, a UK-based autonomous vehicle software spinout from University of Oxford, raised £36m ($47m) in a series B round today featuring commercialisation firm IP Group.
BP Ventures, the corporate venturing arm of oil and gas company BP, led the round, while internet group Tencent and safety equipment conglomerate Halma also took part.
Investment company BGF, superannuation fund HostPlus, investment firm Venture Science and funds advised by Doxa Partners filled out the round, to which IP Group committed $5.5m.
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
