Panasonic Decides on an Investment for the First Time after the Establishment of the Panasonic Kurashi Visionary Fund

Osaka, Japan - Panasonic Corporation (President & CEO: Masahiro Shinada; Head office: Minato-ku, Tokyo; hereinafter "Panasonic") today announced its decision to invest (convertible note investment*) in MODE, Inc. (CEO & Co-Founder: Gaku Ueda; Head office: San Mateo, CA, USA; hereinafter "MODE"), an IoT connected platform and development support service provider, through a corporate venture capital fund ( common name: Panasonic Kurashi Visionary Fund), which Panasonic runs jointly with SBI Investment Co., Ltd. This is the first investment after the establishment of the Kurashi Visionary Fund.