Details such as its partners and the pay-in date were undisclosed.
The development was first reported by The Bridge.
The startup is currently developing a drive recorder app for smartphones that can detect crucial moments related to hazardous driving or traffic accidents, based on vast amounts of video data inside and outside of commercial vehicles.
Its CEO, Retsu Kitagawa, has a background in traffic-related big data analysis.
According to Kitagawa, proceeds from the latest investment will be used to expand its team of 30, with the aim of hiring more engineers with a background in data analysis and big data processing. The funds will also be deployed to develop and enhance its video image analysis service, which targets a summer launch.
Since inception, the firm has been acquiring vehicle data and conducting detailed analysis of vehicle data. Using a database of about 10,000 vehicles, the firm claimed that it can estimate fuel efficiency for specific driving styles by using the analysed data.