ProfilePrint, a Singapore-based Synthetic Intelligence meals ingredient evaluation platform, introduced at the moment it has closed a 7-figure USD pre-Sequence A funding spherical.
Taking part buyers embody Enterprise Singapore’s funding arm SEEDS Capital, Glocalink Singapore, Go away-a-Nest Singapore and BP de Silva Group, in addition to different unnamed strategic buyers.
The recent financing will likely be used to bankroll developments of ProfilePrint’s patented know-how, develop evaluation options on its SaaS platform and increase its group.
Co-founded in 2018 by Alan Lai and Rehan Amarasuriya, ProfilePrint has developed a know-how to mix parameters and knowledge right into a digital fingerprint that predicts the standard profile of a meals pattern “inside seconds”.
The SaaS startup claims that is attainable by way of the utilisation of applied sciences equivalent to AI on a cloud-based platform with a transportable analyser. This enables varied stakeholders — starting from growers, collectors, wholesalers, producers to retailers — to foretell high quality profiles with out human intervention or destroying the pattern.
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ProfilePrint stated its answer has taken on elevated significance amidst the pandemic outbreak as firms are restricted from sending their employees to farms for sourcing and high quality inspections. This has led to a rise in income progress and enterprise person adoption for the corporate, it stated.
The startup at present supplies its options to meals manufacturers and producers in international locations, together with Singapore, Malaysia, Indonesia, Vietnam, Sri Lanka, the US, and China.
Moreover its core platform, ProfilePrint additionally helps organisers of commerce exhibits by making a digital platform for its exhibitors and commerce guests to establish grade and high quality of components on-line with out the necessity for bodily samples.
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Picture Credit score: ProfilePrint
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