University of Tokyo Edge Capital has invested in autonomous driving technology developer Tier IV, based on research at multiple Japanese universities.
Tier IV, a Japan-based autonomous driving technology developer, has raised ¥3bn ($28.4m) in funding from investors including University of Tokyo Edge Capital (UTec), the institution’s venture capital arm, Nikkei reported today.
The round also featured telecoms firm KDDI and consumer electronics producer Sony, through its Innovation Fund, as well as venture capital firm Jafco.
Founded in 2015, Tier IV is developing an open-source operating system (OS) to power driverless vehicles, called Autoware. The OS has been adopted by more than…
