- Oxbotica was founded in 2014 by Paul Newman and Ingmar Posner.
- The startup helps vehicles from across different industries drive themselves.
- Oxbotica have raised a total £22.6 million over the course of 4 funding rounds.
Enabling vehicles from across a range of industries drive themselves, our Startup of the Week for this week is Oxbotica!
Oxbotica was founded by two Oxford professors – Paul Newman and Ingmar Posner – in 2014. Since its launch, Oxbotica has grown tremendously, named in Wall Street Journal’s Top 10 tech companies to watch only a year after being founded, and now being one of the leading autonomous driving software companies in the world.
The company draw on the principles of maths, physics, robotics and AI to create software with real-world applications. They hold a dedicated team, helping the company to deploy their autonomous vehicle software to a multitude of different sectors and bring the benefits autonomy can provide to businesses on a global scale.
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Oxbotica state: “The way we move people and goods will change forever. Software is the beating heart of this transformation. To survive and build compelling, competitive market positions, companies will need to adopt world leading autonomous vehicle technologies.”
“We’re working to build an eco-system that supports the adoption of autonomous vehicles, building partnerships to accelerate the deployment of Universal Autonomy.”
Their flagship product is Selenium, helping to provide land-based vehicles with full autonomy. Selenium is able to transform suitable vehicles into autonomous ones, and this can be done both at a prototype volume and at scale. This product allows vehicles to ask the following key questions to itself:
Where am I? What’s around me? What do I do next?
So far, Oxbotica has raised a total funding amount of £22.6 million over the course of 4 funding rounds.