Autonomous vehicle software developer Oxbotica has changed its name to Oxa, effective immediately, as it prepares to scale in North America and Europe.
Oxa states that the “new brand reflects the company’s global vision and go-to-market strategy for its suite of software and services that unlock the benefits of self-driving technology for customers today”.
The software developer provides its customers with tools to enable the deployment of safe and autonomous operations, consisting of software for self-driving vehicles, generative artificial intelligence tools to speed up deployment with Oxa MetaDriver, and cloud-based tools for fleet management with Oxa Hub.
In its latest round of Series C funding, the business raised U$140m which will be used to deploy a proprietary operating system for autonomy. Investors included (but were not limited to) ENEOS Innovation Partners, bp ventures and the Ocado Group. To date a total of approximately U$225m has been raised.
“I am thrilled today to begin the next chapter of our business as Oxa,” said Gavin Jackson, CEO at Oxa. “At a time where organizations are faced with pressing challenges posed by driver shortages, high operational costs, service limitations and net-zero targets, we have a unique opportunity in the market today. With our solutions, we can deliver the transformative benefits of autonomy to businesses now.”
Interested in Oxa? Read an exclusive interview with Camilla Fowler, head of safety assurance, Oxa, in which she shares her thoughts on the importance of collaborating on safety ahead of her ‘Preparing for safe commercial deployment of automated vehicles’ presentation at ADAS & Autonomous Vehicle Technology Expo Europe, June 13, 14 and 15, in Stuttgart, Germany.