Tokyo, March 14, 2025 – TIER IV, the pioneering force behind the world’s first open-source software for autonomous driving, has secured a credit facility worth US$13 million (¥2 billion) from Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s leading financial institutions. The funding will provide working capital to support government-led initiatives geared toward the deployment of autonomous driving services.
A developer of full-stack autonomous driving services, TIER IV is ramping up business expansion efforts domestically and internationally. Backed by strategic financial support, the company is accelerating deployments while reinforcing its business foundation for long-term growth, paving the way for autonomous driving that is accessible to all.
About TIER IV
TIER IV stands at the forefront of deep tech innovation, pioneering Autoware, the world’s first open-source software for autonomous driving Harnessing Autoware, we build scalable platforms and deliver comprehensive solutions across software development, vehicle manufacturing, and service operations. As a founding member of the Autoware Foundation, we are committed to reshaping the future of intelligent vehicles with open-source software, enabling individuals and organizations to thrive in the evolving field of autonomous driving.
Autoware is a registered trademark of The Autoware Foundation.
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