IP Group et al. in £14m round for Oxbotica

The business will look to expand across Europe, the US and Asia following the deal, according to a statement.

IP Group cleantech partner Jamie Vollbracht will take a seat on the Oxbotica board of directors.

Company
Headquartered in Oxford and founded in 2014 as a spinout from Oxford Robotics Institute, Oxbotica develops autonomous vehicle software. Its operating systems enable vehicles to navigate cities, warehouses and off-road environments using data from lasers and on-board cameras. Its clients primarily operate in the aerospace, automotive, construction, logistics and mining sectors.

People
IP Group – Jamie Vollbracht (cleantech partner).
Oxbotica – Paul Newman, Ingmar Posner (co-founders); Graeme Smith (CEO); Clive Scrivener (chairperson).

Advisers
Company – Silverpeak, Paddy MccGwire (corporate finance); Gowling (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Venture