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.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
