Tier IV, a Japan-based driverless car software maintainer and provider, this weekannounced the closure of a round north of $100 million led by Sompo Japan Nipponkoa Insurance, with participation from Yamaha Motor, KDDI, JAFCO, and Aisan Technology. The fresh capital brings the company’s total raised to nearly $130 million following
German manufacturer Bosch claimed automated driving systems will bring it 1 billion euro worth of annual sales by next year. Bosch has a team of technologists that are developing refined embedded systems to improve autonomous driving. This includes “more powerful” variations on the minicomputers that are currently installed