Toyoda Gosei invests nearly $0.5 million in Japan AI startup TRYETING
Toyoda Gosei, one of the world’s leading leading global manufacturer of rubber and plastic automotive components, safety systems and LEDs, has invested 50 million yen (about $0.5 million) in TRYETING for the rapid development of materials using artificial intelligence (AI). TRYETING is a startup out of Nagoya University and provides an AI platform that integrates various types of software. One of the strengths of the company is materials informatics, a field that applies the techniques of informatics, such as AI and big data, to materials. This approach can significantly speed the development of new materials. Trieting represents “Creating The Future of Tomorrow, Today!” As a keyword to incorporate AI (artificial intelligence) technology into internal systems such as listed companies and AI.
Founded in 2016, TRYETING is led by CEO Yuki Nagae. After completing the doctoral program at the Graduate School of Engineering, Nagoya University, he served as a visiting researcher at Stanford University in 2016–2017, and temporarily joined a local smartwatch development startup to support AI software development.
The automobile industry is changing rapidly with CASE (connected, autonomous, shared, electric) and other new technological trends. In order to respond to these changes, Toyoda Gosei is seeking to achieve greater added value of products with the integration of sensors and other electronic components into the plastic and rubber parts that are its core technologies. For this aim, the development of high functional materials that can accommodate electronics technology is an urgent task.
With this investment, Toyoda Gosei will combine TRYETING’s AI technology with the knowledge in materials design it has built up over many years. The ability to quickly simulate large numbers of material compounding patterns will accelerate the development of materials with superior functionality, such as new materials for LiDAR2 and other sensors.
The Toyoda Gosei Group is a leading global manufacturer of rubber and plastic automotive components, safety systems and LEDs. With a network of 66 group companies in 17 countries and regions, the Group brings its extensive range of products to customers all over the world.