, an open-source self-driving startup based in Japan, ���over $100 million��� in a massive Series A funding round led by .
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The Tokyo company said it aims to use the new capital to facilitate commercialization of self-driving technology in private, depopulated and urban areas. Existing backers KDDI Corp., and AISAN TECHNOLOGY Co., also participated in the round. Ironically, Tokyo, Japan-based , which has been investing like crazy in North and Latin America, did not put money in this round.
Founded in December 2015, Tier IV doesn���t appear to have raised external capital prior to this financing, according to its 蹤獲弝け profile.
Tier IV has developed something called ���Autoware,��� or what it describes as ���the world’s first ���all-in-one��� open-source software for self-driving technology.��� It is so far being used by more than 200 organizations, according to Tier IV, including the U.S. Department of Transportation (USDOT) Federal Highway Administration (FHWA), automotive manufacturers, and ���many self-driving startups.���
The company said it has conducted field operational tests of self-driving vehicles powered by its technology in more than 60 regions in and outside of Japan. All the tests were conducted without any accidents, according to Tier IV.
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