- Intellectual property-based businesses investor IP Group said it had invested £4 million in its portfolio company Oxbotica, an autonomous vehicle software company, as part of a £36 million funding round led by bp ventures.

Following completion of the transaction, IP Group would hold a stake of 15.0% in Oxbotica.

The funding would be used to 'accelerate Oxbotica's commercial deployment of its autonomy software platform across multiple industries and key markets,' the company said.

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