TIER IV secures credit facility with Japanese bank SMTB

TIER IV, a leader in open-source software for autonomous driving, has secured a US$7 million (¥1 billion) credit facility from Sumitomo Mitsui Trust Bank (SMTB). The funding will help the company run its daily operations smoothly and support its growth in Japan and abroad, bringing its autonomous driving services to more people.

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This credit facility also reinforces TIER IV’s financial foundation and prepares the company for the next phase of developing intelligent vehicle solutions. With years of experience in autonomous driving technology, the company plans to speed up the rollout of its solutions and make autonomous mobility easier and more scalable for everyone.