Singapore-based ProfilePrint, an AI-powered meals fingerprint platform, has onboarded US-based world meals provider large Cargill as a strategic investor.
The agency will make investments the capital in product improvement, expertise acquisition and crew enlargement.
A meals ingredient search engine, ProfilePrint predicts the standard and profile of a meals pattern “inside seconds”. With 5g of the pattern, the analyser acquires the distinctive fingerprint with out destroying the samples. Sellers and consumers can objectively confirm the agreed high quality of a meals ingredient in a web based transaction.
ProfilePrint’s resolution has been deployed in over 26 cities throughout 5 continents (North America, Latin America, Africa, Europe and Asia).
Additionally Learn: Get up and odor the espresso: Examine your espresso beans’ high quality utilizing ProfilePrint’s AI instrument
Cargill’s funding is an extension of its partnership with ProfilPrint. During the last six months, Cargill has accomplished pilots with ProfilePrint’s options throughout its portfolio of components, comparable to cocoa and chocolate.
“Cargill continues to strengthen our resolution and accelerates our imaginative and prescient of creating ProfilePrint because the business’s world digital commonplace for meals components,” Alan Lai, CEO and Founding father of ProfilePrint, mentioned.
“ProfilePrint’s digital meals fingerprinting know-how holds the potential to rework the worldwide food-ingredient provide chain, strengthening the sensory innovation capabilities of our ingredient portfolio with out compromising on style and high quality. This can assist Cargill ship in opposition to our excessive requirements for meals high quality and allow quicker and extra exact product improvement for our prospects,” mentioned Francesca Kleemans, MD for Cargill’s Cocoa and Chocolate enterprise in Asia Pacific.
The Singaporean startup has earlier closed two rounds of financing. This consists of a Sequence A spherical in February from Louis Dreyfus Firm (Netherlands), Olam Meals Elements (an working group of Olam Worldwide Restricted, Singapore), Sucafina (Switzerland), a Southeast Asian agrifood conglomerate (Indonesia), Greenwillow Capital Administration (Singapore), and Actual Tech World Fund (Japan). In 2021, it closed a pre-series A from Glocalink Singapore, Depart-a-Nest, and Seeds Capital.
Fundraising or getting ready your startup for fundraising? Construct your investor community, search from 400+ SEA buyers on e27, and get linked or get insights concerning fundraising. Attempt e27 Professional without spending a dime right this moment.
The publish ProfilePrint provides meals provides large Cargill to its cap desk appeared first on e27.