TIER IV
Assembly Line
TIER IV secures additional $54 Million in Series B funding: Deploying Level 4 autonomous driving systems across Japan
TIER IV, a pioneer in open-source software for autonomous driving systems, proudly announces the successful extension of its Series B funding round, securing an additional US$54 million (¥8.5 billion). This brings the total Series B funding to US$132 million (¥20.7 billion) and the company’s overall funding to US$243 million (¥38.1 billion).
The latest funds are earmarked for launching the production of Level 4 autonomous driving systems, leveraging TIER IV’s advanced software platforms and reference designs. The funds will also boost our efforts to develop safety assessment methods that tightly integrate processes and tools.
During the Series A round, TIER IV expanded beyond developing the open-source software Autoware to commercialize comprehensive software platforms that encompass communication, insurance, and risk management features for autonomous driving systems. The Series B round has further enhanced our software development capabilities, particularly in advocating the concept of reference designs. TIER IV was also selected for the New Energy and Industrial Technology Development Organization’s (NEDO) Green Innovation Fund Project, participating in a substantial US$162 million (¥25.4 billion) R&D initiative aimed at introducing scalability to autonomous driving systems.