Self-driving startup Tier IV raises over USD100 million in Series A financing round
Latest funding will help Tier IV to facilitate commercialization of its self-driving technology in private areas, depopulated areas, and urban areas
Tier IV, a Japan-based open-source self-driving startup, has raised USD100 million in Series A funding round, the company said in a press release on 3 July. The funding round was led by Sompo Japan Nipponkoa Insurance with participation from existing investors, Yamaha Motor, KDDI, JAFCO, and Aisan Technology. The fresh capital is expected to help Tier IV expand its self-driving business.
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