Japanese self-driving startup Tier IV raises $100m in Series A

Photo:
Reinhart Julian/ Unsplash

Japanese open-source self-driving startup Tier IV Inc has raised a total of $100 million in a Series A funding round led by Sompo Japan Nipponkoa Insurance, the Japanese major P&C insurance company, according to an announcement.

Existing investors, Yamaha Motor Co., Ltd. (YMC), KDDI Corporation, JAFCO Co., Ltd., and AISAN Technology Co.,Ltd also participated in the round.

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