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Tier IV tears it up to raise $105m

Jul 4, 2019 • Robert Lavine

Sompo Japan Nipponkoa led the Utec-backed autonomous vehicle software developer's series A round, which included Yamaha Motor, Aisan Technology and existing investor KDDI.

Tier IV, a Japan-based autonomous driving software developer backed by University of Tokyo Edge Capital (Utec), a VC firm affiliated with the institution, 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 telecoms 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…

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