Tier IV, Inc. announced that it has received funding from Aisan Technology Co., Ltd.
September 03, 2017
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Tier IV, Inc. announced that it has received a round of funding on September 4, 2017. The transaction involved participation from Aisan Technology Co., Ltd. (JASDAQ:4667) as per basic agreement singed. The transaction was approved by the board of directors of the investor.
AISAN TECHNOLOGY CO., LTD. is a Japan-based company principally engaged in the development and distribution of surveying software and the surveying business with high precision three-dimensional system (MMS). The Company operates in three business segments. The Surveying Solution segment provides surveying civil-related software and maintenance services, surveying instruments and other related hardware. The G Space Solution segment provides MMS surveying equipment and related products, three-dimensional (3D) surveying and analysis service, high precision three dimensional map database creation contracting business, 3D point cloud processing tool, satellite positioning related services, as well as related hardware products. The New Business segment is mainly involved in the business related to automated driving.