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News, Analysis & Perspective on Autonomous Vehicles

Tier IV raises over $100 million to develop open source software for driverless cars

Tier IV, a Japan-based driverless car software maintainer and provider, this week announced the closure of a round north of $100 million led by Sompo Japan Nipponkoa Insurance, with participation from Yamaha Motor, KDDI, JAFCO, and Aisan Technology. The fresh capital brings the company’s total raised to nearly $130 million following seed rounds totaling $28 million, and founder Shinpei Kato said it’ll fuel the global commercialization and expansion of Tier IV’s self-driving technology platform.

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