Connect with us

Technology

TIER IV secures additional $54 Million in Series B funding: Deploying Level 4 autonomous driving systems across Japan

Published

7 months ago

on

TOKYO, June 16, 2024 /PRNewswire/ — 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).

Background

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.

Purpose of the funding

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.

TIER IV has been selected for a NEDO program to support tech startups, with a focus on advancing electrification modules applicable to various vehicle models, which tackles grand challenges for hardware disparity, software quality, and system dependability from fiscal 2023 to 2025. Furthermore, we have been selected for the Ministry of Land, Infrastructure, Transport and Tourism’s SBIR (Small Business Innovation Research) Phase 3 funding, underscoring our commitment to establishing a robust Level 4 certification framework from fiscal 2024 to 2027.

These strategic initiatives align with the Japanese government’s objective to deploy Level 4 autonomous driving systems in 50 locations by 2025 and over 100 by 2027, which aims to improve mobility services nationwide.

Key business areas

From Series A to Series B, TIER IV has significantly advanced its software platforms, with an emphasis on vehicle models and safety assessment methods for Level 4 autonomous driving systems. In collaboration with global partners, we are ready for full-scale commercialization, both in Japan and worldwide. Our main applications include mobility services such as route buses and urban taxis, as well as logistics services encompassing intra-factory transportation and highway trucks, all within a Level 4 regulatory framework.

Future outlook

TIER IV is set to further develop new vehicle models and open safety assessment methods, spearheading the deployment of enhanced mobility and logistics services powered by Level 4 autonomous driving systems. Building on our current reference designs for route buses and urban taxis, we plan to create a new reference design for privately-owned passenger vehicles, which introduces state-of-the-art technologies to the automotive industry. Going forward, TIER IV will focus on developing electric and electronic architectures (EEA) optimized for software-defined vehicles (SDV), along with a new generative world model tailored for end-to-end autonomy.

TIER IV remains committed to harnessing its expertise in software development, vehicle manufacturing, and safety assessment to foster the deployment of Level 4 autonomous driving systems across various environments.

*Autoware is a registered trademark of The Autoware Foundation.

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, to empower intelligent vehicles worldwide. 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, our commitment to open-source software enables individuals and organizations to thrive within the evolving technology for autonomous driving, reshaping the future of intelligent vehicles.

Media Contact
pr@tier4.jp

View original content to download multimedia:https://www.prnewswire.com/news-releases/tier-iv-secures-additional-54-million-in-series-b-funding-deploying-level-4-autonomous-driving-systems-across-japan-302173688.html

SOURCE Tier IV, Inc.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

VOX Solutions redefines telecom excellence with a record number of seven industry awards in 2024

Published

20 minutes ago

on

January 15, 2025

By

HONG KONG, Jan. 15, 2025 /PRNewswire/ — VOX Solutions, a leading innovator in the telecom sector, has made waves in 2024 by securing an impressive seven prestigious awards. This year’s accolades not only underscore VOX Solutions’ groundbreaking contributions to the industry, but also spotlight its unwavering drive to transform the future of global communication. From harnessing AI to creating innovative monetisation strategies, VOX Solutions continues to lead the charge in reshaping the international telecom landscape.

VOX Solutions’ success is a testament to its relentless pursuit of excellence and highlight the company’s commitment to innovation, security, and delivering unparalleled value to its partners and customers worldwide.

2024 Award Highlights:

Tier 1 Vendor in ROCCO’s 2024 SMS Monetisation Market Impact Report: Setting the gold standard in SMS monetisation solutions for mobile network operators (MNOs).Tier 1 Vendor in ROCCO’s 2024 A2P SMS Messaging Market Impact Report: Redefining seamless and reliable A2P SMS messaging services on a global scale.Best AI Integration at the Antonio Meucci Global Telco Awards: Pioneering the use of artificial intelligence to revolutionize connectivity and operational efficiency.Best AI/ML Innovation at the Global Connectivity Awards: Transforming telecom with innovative AI and machine learning technologies.Best Security Solution Provider at the CC-Global Awards: Reinforcing its leadership in creating secure and robust telecommunications solutions.Platinum Award for Best Flash Call Authentication Solution at Future Digital Awards: Innovating authentication technologies to enhance security and user experience.Most Innovative Product/Service/Automation Europe at the Telecom Review Excellence Awards: Continually raising the bar with visionary product development and automation solutions.

Reflecting on this momentous achievement, Ehsan Ahmadi, CEO of VOX Solutions, said, “This incredible recognition inspires us to continue pushing the boundaries of what is possible in telecommunications. These awards are also a celebration of our team’s hard work and our unwavering commitment to our partners and customers.”

About VOX Solutions

Vox Solutions simplifies, improves, and optimizes Voice and SMS channels using the latest innovations in technology. The company enables mobile operators to monetize their A2P services in a sustainable way, leveraging proprietary technology.

Vox Solutions utilizes its multi-award-winning anti-fraud technology, VOX-360, to offer a reliable, accurate and real-time view of operators’ voice and SMS services. By partnering with operators, Vox Solutions provides secure & reliable 2FA services to enterprises, globally.

For MNOs, Vox Solutions is focused on monetization of SMS and Voice services, being the first company in the market to offer a Flash Calling (Voice A2P) end-to-end solution.

For the enterprise segment, Vox Solutions focus on A2P messaging, A2P & P2P Voice, while also providing solutions focused on Cloud Communications.

Its unique VOX-360 solution also won numerous global awards for the anti-fraud, flash call authentication and AI/ML innovations.

www.voxsolutions.co

 

View original content:https://www.prnewswire.co.uk/news-releases/vox-solutions-redefines-telecom-excellence-with-a-record-number-of-seven-industry-awards-in-2024-302350656.html

Continue Reading

Technology

Shining at CES 2025, TCL Garners Multiple Awards for Display Innovations and Smart Home Solutions

Published

20 minutes ago

on

January 15, 2025

By

LAS VEGAS, Jan. 15, 2025 /PRNewswire/ — TCL Electronics, a leading consumer electronics brand and the world’s top two TV brand, has been honored with multiple awards at CES 2025, demonstrating its technological excellence in display innovations and smart home solutions. Among the highlights is the TCL 50 PRO NXTPAPER 5G smartphone, which received the prestigious CES 2025 Innovation Award in the Mobile Devices, Accessories & Apps category.

Additionally, TCL also garnered six accolades at the 2024-2025 Global Top Brands Awards Ceremony (GTB), recognized across a broad range of product categories, from TVs and air conditioners to washing machines. The TCL Premium QD-Mini LED TV X11K received the “Mini LED Display Technology Innovation Award” for its unparalleled visual detail, clarity, and depth. The FreshIN Series Air Conditioner was recognized with the “Smart Fresh Air Technology Innovation Award”, while the TCL Super Drum Series Front Load Washing Machine earned the “Clean Technology Innovation Gold Award”. Furthermore, TCL was named among the “2024-2025 CE Brands Top 10” and “2024-2025 Global TV Brands Top 10”, underscoring its leadership and influence in the industry.

Founded by the International Data Group (IDG) in 2006, these awards, organized by Asia Digital Group and Europe Digital Group, and co-hosted by TWICE with support from IDC, are among the most influential recognitions in the consumer electronics sector. Bill Jiang, Vice President of TCL Industries and General Manager of the Global Marketing Center, accepted the awards on behalf of the company.

Other TCL product categories, such as smart locks, RayNeo AR Glasses, and mobile routers, also received multiple “Best of CES 2025” awards from international media.Besides, TCL’s 5G RedCap dongle, the TCL LINKPORT IK511, along with TCL 50 PRO NXTPAPER 5G were honored with the 2025 CES Picks Award in the TechRadar Pro category. On the eve of CES, TCL was awarded the 2025 Circana Consumer Electronics Performance Award for Top Increase in TV market share in North America.

About TCL Electronics

TCL Electronics (1070.HK) is a leading consumer electronics brand and leader in the global television industry. TCL now operates in more than 160 markets around the world. The company specializes in the research, development, and manufacturing of consumer electronics products ranging from TVs, audio, home appliances, mobile devices, smart glasses, commercial displays, and more. Visit the TCL website at https://www.tcl.com.

SOURCE TCL

Continue Reading

Technology

Best Cost Segregation Study Service of 2025 by Techbullion

Published

20 minutes ago

on

January 15, 2025

By

Recognition Highlights Cost Segregation Guys’ Expertise and Client-Centric Approach in Delivering Tax Savings for Real Estate Investors Nationwide.

CHEYENNE, Wyo., Jan. 15, 2025 /PRNewswire-PRWeb/ — Cost Segregation Guys, a leading provider of cost segregation services, has been recognized as the best cost segregation study company of 2025 by Techbullion, a trusted resource for financial and technology news. This recognition underscores the company’s dedication to delivering measurable tax-saving solutions for real estate investors nationwide.

Cost Segregation Guys specializes in maximizing tax savings for property owners by accelerating depreciation deductions through comprehensive cost segregation studies. By reclassifying building components and land improvements into shorter recovery periods, the company empowers clients to reduce taxable income and enhance cash flow.

“We are honored to be recognized among the top cost segregation companies for 2025,” said Ivy Yamaro, Manager of Cost Segregation Guys. “This achievement reflects our dedication to providing industry-leading expertise and exceptional service to our clients. Our mission has always been to empower property owners with the tools and insights needed to optimize their financial strategies.”

Cost Segregation Guys has built its reputation on its in-depth knowledge of tax laws, engineering-based analysis, and client-centric approach. With decades of experience, 12,000 happy clients, and over $500m in depreciation for its clients, there is no question their team knows the ins and outs of cost segregation studies. The company’s team of experts combines technical precision with personalized service, ensuring each client receives a customized solution tailored to their specific property and financial goals.

The real estate market in 2025 is becoming increasingly competitive, and cost segregation has emerged as a critical strategy for investors seeking to optimize profitability. Cost Segregation Guys leverages advanced methodologies and stays ahead of industry trends to ensure clients receive tailored solutions that maximize their financial benefits.

Techbullion’s recognition highlights the company’s continued role as a leader in the field. Cost Segregation Guys is celebrated not only for its technical precision but also for its transparency, integrity, and unwavering focus on client success.

For property owners seeking to unlock significant tax savings, Cost Segregation Guys offers innovative tools and resources designed to enhance financial performance. To learn more, visit http://www.costsegregationguys.com or schedule a complimentary consultation.

About Cost Segregation Guys

Cost Segregation Guys is a leading provider of cost segregation services, specializing in helping real estate investors accelerate depreciation and reduce tax liabilities. With a commitment to innovation, precision, and client satisfaction, the company delivers substantial financial benefits to property owners across the country.

Media Contact

David Peterson, Cost Segregation Guys, +1(406) 626-7978, Hey@costsegregationguys.com, https://costsegregationguys.com/

View original content to download multimedia:https://www.prweb.com/releases/best-cost-segregation-study-service-of-2025-by-techbullion-302351426.html

SOURCE Cost Segregation Guys

Continue Reading

Trending