Nvidia and UK Wealth Fund invest in British autonomous driving startup Oxa

Oxford-based firm has raised $103m for commercial development of software for self-driving industrial vehicles

Nvidia is investing in the British autonomous driving startup Oxa, alongside backing from the UK's National Wealth Fund, in a boost to the country's technology sector.

The Oxford-based company, which has developed software for self-driving industrial vehicles, said it had raised $103m (77m) from investors to focus on commercial solutions for that software, as well as its physical AI and robotics technology, and to push on with its global expansion plans.