Info
Info

Tier IV raises over $100 million in Series A Round

News

Tier IV, Inc., an open-source self-driving startup based in Japan, announced that it has raised over $100 million in total in a Series A funding round to facilitate commercialisation of self-driving technology in private areas, depopulated areas, and urban areas.

Info

This funding round, led by Sompo Japan Nipponkoa Insurance Inc., the Japanese major P&C insurance company, with participation from existing investors, Yamaha Motor Co., Ltd. (YMC), KDDI Corporation, JAFCO Co., Ltd., and Aisan Technology Co.,Ltd., will enable Tier IV to become a global platform company and scale out its self-driving business.

Founded in December 2015, Tier IV has developed and maintained Autoware, the world's first “all-in-one” open-source software for self-driving technology, which is now widely adopted by more than 200 companies around the world. Examples of the use cases include the Udacity Nanodegree Program, the CARMA platform developed by the U.S. Department of Transportation (USDOT), Federal Highway Administration (FHWA), automotive manufacturers, and many self-driving startups.

With the momentum of Autoware as defacto open-source software, Tier IV and its partner companies, Apex.AI and Linaro 96Boards, launched the Autoware Foundation in December 2018 in order to deploy Autoware in real products and services. As of today, the Autoware Foundation consists of more than 30 member companies from various business sectors.

“Tier IV has a mission to embody disruptive creation and creative disruption with self-driving technology. We have derived a solid software platform and successfully integrated it with real vehicles. It is time to step forward to real services, embracing functional safety and risk management,” said Shinpei Kato, Founder of Tier IV and the Chairman of the Board of the Autoware Foundation.

There are more than 60 regions in Japan and overseas, where field operational tests of self-driving vehicles powered by Tier IV have been conducted without any accident. Tier IV will continue pursuing safe and secure self-driving technology, while expanding business opportunities from 2020 Summer Olympics and beyond.

Tier IV has led the development of open-source software for self-driving technology, also known as Autoware, and applied it for the proof of concept of last-mile driverless mobility and logistics. Tier IV aspires to achieve “Democratisation of Intelligent Vehicles”, where any individuals and organisations can contribute to a grander vision of future intelligent vehicles, leading to a better society in which all the people receive new spatiotemporal values.


The Latest News, Brought To You By
Tier IV raises over $100 million in Series A Round
Modified on Thursday 4th July 2019
Find all articles related to:
Tier IV raises over $100 million in Series A Round
TaaS Technology Magazine
Info
NIO Delivers 4,799 Vehicles In The Third Quarter Of 2019
Tata Motors Launches The Extended Range Tigor EV
Vitesco Technologies To Suppy Electric Drives For Volume-production Models Of Groupe PSA And Hyundai
ZF To Showcase Its Low Emission Technologies At Busworld 2019
Fujitsu Launches New Stream Data Processing Platform To Accelerate Use Of Automotive Big Data
New Consortium To Develop A Common Computing Platform For Autonomous Vehicles
DENSO To Exhibit Mobility Technologies At 46th Tokyo Motor Show
Honda Acquires Drivemode, A Developer Of Smartphone Apps For Drivers
StreetScooter Showcases Next Generation Of The WORK And WORK L Models
Plus.ai Partners With Minnesota Department Of Transportation To Accelerate Adoption Of Self-Driving Trucks
Ford Begins Production Of The Electrified Puma Crossover
Opel To Begin Production Of Battery Electric Corsa-e In Early 2020
Navigant And EIQ Mobility Offer Turnkey Electric Fleet Deployments To Utilities And Corporations
Mercedes-Benz Starts Pilot Tests For Car-to-X Communication In The Zollernalb District, Germany
Car Connectivity Consortium Unveils New Features For Digital Key Specification
All Electric Volvo XC40 To Feature New Infotainment System Powered By Android
Kodiak Robotics Hires Industry Veteran From Lyft To Lead Hardware Division
Iberdrola And Mercedes-Benz Partner To Boost Sustainability Mobility In Spain
Toyota’s ‘Tokyo 2020 Version’ E-Palette To Provide Automated Electric Mobility To Athletes
Volkswagen Electric Car ID.3 Communicates Using Light
Dyson Close £2.5bn Electric Car Project Claiming It Isn't Commercially Viable
Scottish Golf Partners With Forev To Install EV Chargers At Golf Clubs Across Scotland
New Nissan Charge App Allows Users To Find, Navigate To And Access Charging Points
StradVision Collaborates With Global Tier 1 Supplier, Multiple OEMs On Custom Camera Project For Autonomous Buses
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}