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TIER IV secures $54 million in Series B funding to deploy Level 4 autonomous driving systems across Japan

Jun 17, 2024

Amount Raised

$54 Million

Round Type

Series B

ShinagawaManufacturingSoftwareAutomotive

Description

TIER IV has successfully secured an additional $54 million in Series B funding, bringing the total Series B funding to $132 million. The company's overall funding has reached $243 million. The funding will be used to launch the production of Level 4 autonomous driving systems, advance software platforms, and develop safety assessment methods.

Who else raised in Automotive and Manufacturing around the same time

Companies in the same sectors as TIER IV that raised within 45 days of this round, from Fundz verified event records.

  • Simple Energy raised $20M (Series A) on July 29, 2024.
  • Hadron Energy raised $9.9M on July 29, 2024.
  • Tset raised $14M (Series A) on July 29, 2024.
  • ZeroTier raised $14M (Series A) on July 29, 2024.
  • eLstar Dynamics raised $2.2M (Series A) on July 16, 2024.
  • Carwow Group raised $326M (Funding Round) on July 14, 2024.

Who to call at TIER IV, and when

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Company Information

Company

TIER IV

Location

Shinagawa, Tokyo, Japan

About

TIER IV stands at the forefront of deep-tech innovation, pioneering Autoware, open-source software for autonomous driving. With a comprehensive suite of platforms and services built on Autoware, TIER IV provides everything from software development and vehicle procurement to operational support. Through the Autoware ecosystem, TIER IV works with partners worldwide to shape the future of intelligent vehicles with open-source software, aiming to create mobility that is safer, more sustainable, and accessible to all.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

TIER IV raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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