Sompo Japan Nipponkoa led the autonomous vehicle software developer's series A round, which included Yamaha Motor, Aisan Technology and existing investor KDDI.
Japan-based autonomous driving software developer Tier IV secured ¥11.3bn ($105m) yesterday in a series A round led by insurance firm Sompo Japan Nipponkoa.
Motorised vehicle manufacturer Yamaha Motor, agricultural machinery producer Aisan Technology and telecommunications firm KDDI also participated in the round, along with investment firm Jafco.
Tier IV is developing open-source autonomous driving software known as Autoware that it claims is being utilised by about 200 companies worldwide in addition to the US Department of Transportation’s Federal Highway Administration.
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