Bando Chemical Announces Investment in Pyrenee Inc.

Bando Chemical Co., Ltd. (Headquarters: Kobe, Hyogo) announced that it has invested in Pyrenee Inc. (Headquarters: Chuo-ku, Tokyo), a company engaged in the development of AI-driven driver assistance and the collection and analysis of traffic data.

Pyrenee Inc. is a startup that develops AI driver assistance systems that enable even existing vehicles to be equipped with the latest AI driving support. Its vision is to create products that protect people from dangers encountered in all situations and act as a reliable partner to the user rather than just a machine.

Our group has established the guideline of 'accelerating the evolution of new businesses and the deepening of core businesses through co-creation' as part of our medium-to-long-term management plan. Through this investment, we aim to gain synergies by collaborating on the AI development technology possessed by Pyrenee with our group's customer and sales base and technologies.

Our group will continue to accelerate the evolution of new businesses and the deepening of core businesses through co-creation with startups that possess cutting-edge technologies, products, and business ideas.

[Overview of Pyrenee Inc.]

Company Name: Pyrenee Inc. Location: 4-chome Harumi, Chuo-ku, Tokyo Representative: Ryuta Mino, Representative Director Established: January 2016