Singapore-based ProfilePrint, an AI-powered food fingerprint platform, has onboarded US-based global food supplier giant Cargill as a strategic investor.
The firm will invest the capital in product development, talent acquisition and team expansion.
A food ingredient search engine, ProfilePrint predicts the quality and profile of a food sample “within seconds”. With 5g of the sample, the analyser acquires the unique fingerprint without destroying the samples. Sellers and buyers can objectively ascertain the agreed quality of a food ingredient in an online transaction.
ProfilePrint’s solution has been deployed in over 26 cities across five continents (North America, Latin America, Africa, Europe and Asia).
Also Read: Wake up and smell the coffee: Check your coffee beans’ quality using ProfilePrint’s AI tool
Cargill’s investment is an extension of its partnership with ProfilPrint. Over the last six months, Cargill has completed pilots with ProfilePrint’s solutions across its portfolio of ingredients, such as cocoa and chocolate.
“Cargill continues to strengthen our solution and accelerates our vision of establishing ProfilePrint as the industry’s global digital standard for food ingredients,” Alan Lai, CEO and Founder of ProfilePrint, said.
“ProfilePrint’s digital food fingerprinting technology holds the potential to transform the global food-ingredient supply chain, strengthening the sensory innovation capabilities of our ingredient portfolio without compromising on taste and quality. This can help Cargill deliver against our high standards for food quality and enable faster and more precise product development for our customers,” said Francesca Kleemans, MD for Cargill’s Cocoa and Chocolate business in Asia Pacific.
The Singaporean startup has earlier closed two rounds of financing. This includes a Series A round in February from Louis Dreyfus Company (Netherlands), Olam Food Ingredients (an operating group of Olam International Limited, Singapore), Sucafina (Switzerland), a Southeast Asian agrifood conglomerate (Indonesia), Greenwillow Capital Management (Singapore), and Real Tech Global Fund (Japan). In 2021, it closed a pre-series A from Glocalink Singapore, Leave-a-Nest, and Seeds Capital.
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