Nvidia Invests in UK Autonomous Driving Startup Oxa for Self-Driving Tech
Nvidia and UK National Wealth Fund back Oxford-based Oxa in $103M round to advance its self-driving software for industrial vehicles and expand globally.
In a major boost to the UK's thriving technology sector, Nvidia has announced a strategic investment in the British autonomous driving startup Oxa. The Oxford-based company, which has developed innovative software for self-driving industrial vehicles, has raised an impressive $103 million (£77 million) from a group of investors, including Nvidia and the UK's National Wealth Fund.
Oxa's cutting-edge technology focuses on creating robust and reliable solutions for the commercial deployment of autonomous driving in industrial settings, such as warehouses, construction sites, and mining operations. By leveraging advanced artificial intelligence and robotics capabilities, the company aims to revolutionize the way these sectors operate, enhancing efficiency, safety, and productivity.
Source: The Guardian
