Oxbotica Series-B

This is the Oxbotica pitch deck to raise a $47m series-b round in 2021.

About

Oxbotica is developing the next generation of autonomous vehicles – creating the software that makes them go. Using the latest in computer vision and machine learning, their systems learn from their environment and share experiences with each other, so that they’re getting smarter all the time. Oxbotica powers the navigation, perception, user interface, fleet management, and other features needed to run self-driving vehicles in multiple environments.

The system uses a complement of sensors and algorithms to identify and track pedestrians, cars, and other obstacles in the environment.

Tencent, the Chinese tech behemoth, has backed self-driving software startup Oxbotica in a $47 million funding round.

Since being spun out of the University of Oxford in 2014, Oxbotica has grown from a small-time robotics firm to become one of the world’s leading autonomous driving software companies.

Rather than producing autonomous vehicles itself, the firm offers self-driving software which can be installed in all kinds of vehicles, from taxis to delivery trucks. Its sensor technology was even used in NASA’s Mars Rover.

Despite lofty aspirations, the autonomous vehicle industry has been forced into something of a reality check in recent years: Ford promised to produce a vehicle without a steering wheel or pedals, General Motors said it would launch a self-driving taxi service by the end of 2019, and Uber said it would give customers rides in self-driving vehicles around the same time.

All three companies have since backed off of those predictions.

Insiders recently revealed details of the battle between Google and Uber to dominate the self-driving space, with chaotic results.

Oxbotica’s latest funding round suggests there’s still plenty of mileage in the industry, however, after the firm won the backing of a host of big name investors, including BGF, BP Ventures, and Venture Science.

“This round of investment marks a key chapter in Oxbotica’s continued growth and pushes us forward in commercialising our autonomous software today, through key strategic go-to-market partnerships,” said CEO Ozgur Tohumcu.

“The high-quality and global footprint of our investors cements our position as a leader in autonomy. We will use funds raised to accelerate the global deployment of our transformative technology.”

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