press release
Pirenee Co., Ltd. receives investment from System Location Co., Ltd., a major auto finance business support company
Accelerating the spread of safe driving support devices and new business development
Pyrenee Inc. (Headquarters: Chuo-ku, Tokyo; Representative Director (CEO): Ryuta Mino; hereinafter referred to as "Pyrenee") announces that it has received investment from System Location Inc. (Headquarters: Meguro-ku, Tokyo; President and CEO: Takehiko Chimura; hereinafter referred to as "System Location").
Through this investment, System Location aims to realize a safer mobility society by supporting the establishment of a sales system for users nationwide through its nationwide network of auto leasing companies, rental car companies, new car dealerships, etc., as well as the development of accident prevention software using Pyrenees Drive and related mobility software, and linking System Location's vehicle model database and used car big data with Pyrenees Drive data.
About Pyrenees Drive
Pyrenee Drive is an AI driving assistant that can be attached to the dashboard of an existing car. According to a survey by the Tokyo Metropolitan Police Department, over 70% of traffic accidents occur due to drivers unconsciously overlooking objects that are within the driver's field of vision. To address this issue, Pyrenee Drive uses deep learning technology to detect pedestrians and cars on the road and predict the risk of a collision. If it detects a risk of collision, it will quickly notify the driver by voice, preventing accidents and supporting safe driving.
About Pyrenee Inc.
Pyrenee Inc. is a startup company founded in 2016. They are developing "Pyrenee Drive," an add-on AI driving assistant that acts as a companion to drivers and aims to significantly reduce accidents by preventing human error (oversights and misjudgments), which is the cause of over 90% of car accidents.
About System Location, Inc.
System Location Co., Ltd. is a company that provides the automotive industry with a system that uses statistical analysis of a huge amount of transaction data from across the country to calculate not only the current value of a car but also its future value, a car database, and various solutions based on these. Utilizing its extensive know-how and track record, the company develops and provides systems and services that meet customer needs.
Company page: https://www.slc.jp/ (external link)
