Arc Universities

Oxbotica, a leader in autonomous vehicle software for businesses, has raised US$140 million. Oxford Ionics, whose innovations are taking quantum computing a step closer to reality, has raised £30 million and Perspectum, an AI driven medical imaging company, has raised US$36 million.

Oxbotica was founded eight years ago by Professor Paul Newman and Professor Ingmar Posner of Oxford’s Robotics Institute. It has enjoyed continued success and attracts category-defining customers and partners, including Ocado Group and Applied EV. Oxford Ionics, founded in 2019 and based at Oxford’s Begbroke Science Park, is creating unique technologies which, it says, will bring Quantum Computing from the theoretical to the indispensable. Its founders are Dr Tom Harty and Dr Chris Ballance who met as DPhil students studying quantum computing at the University of Oxford.

Perspectum, founded in 2012, is a precision health company which develops medical imaging tools to improve the diagnoses of metabolic diseases and cancer. It was born out of a discovery made by Dr Rajarshi Banerjee, now CEO of Perspectum, when researching how to improve the use of MRI in cardiology for his DPhil at the University of Oxford.

Professor Chas Bountra Pro-Vice-Chancellor for Innovation, said:

‘I am enormously pleased about this investment in three of Oxford’s pioneering spinouts. Oxbotica, is going from strength to strength and is recognised as a global leader in autonomous vehicles; Perspectum has already made a terrific impact on people’s health in many countries with revolutionary medical imaging diagnostics; and Oxford Ionics is making impressive advances in quantum computing bringing world changing possibilities much closer. These investments will enable the companies to accelerate their ground-breaking innovations and benefit people across the planet.’

Read  the full article here.


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