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…

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