Tier IV, Inc., a Tokyo, Japan-based open-source self-driving startup, raised over $100m in Series A funding.
The round was led by Sompo Japan Nipponkoa Insurance Inc., with participation from existing investors Yamaha Motor Co., Ltd. (YMC), KDDI CORPORATION, JAFCO Co., Ltd., and AISAN TECHNOLOGY Co.,Ltd.
The company intends to use the funds to scale out its self-driving business and facilitate commercialization of self-driving technology in
(i) private areas,
(ii) depopulated areas, and
(iii) urban areas.
Founded in December 2015, Tier IV has developed and maintained Autoware, an open-source software platform 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.
In December 2018, the company and its partner companies, Apex.AI and Linaro 96Boards, launched the Autoware Foundation in order to deploy Autoware in real products and services.