Autonomous vehicle software spinout Oxbotica has secured IP Group, Parkwalk Advisors and Axa XL as investors in its first publicly-disclosed funding round.
Oxbotica, a UK-based autonomous vehicle software spinout from University of Oxford, closed a £14m ($18.5m) round led by commercialisation firm IP Group yesterday.
The round also featured Parkwalk Advisors, the fund management subsidiary of IP Group, and Axa XL, a specialty risk division of insurer Axa.
Founded in 2014, Oxbotica is developing software for the autonomous vehicle industry that relies on computer vision and artificial intelligence to improve vehicle positioning and fleet management.
In addition to the…
