Tier IV, an open-source self-driving startup based in Japan, has raised “over $100 million” in a massive Series A funding round led by Sompo Japan Nipponkoa Insurance and included Yamaha. The new capital will facilitate commercialization of self-driving technology in private, depopulated and urban areas. Existing backers Yamaha Motor Co., KDDI Corp., JAFCO Co., and AISAN TECHNOLOGY Co., also participated in the round.
The company held the first Level 4 demonstration trial on public roads in Japan (December 2017) and a trial of remote monitored autonomous driving utilizing 5G on public roads (February 2019).
Autoware (https://www.autoware.org/) members include TRI-AD and LG.