ProfilePrint raises 7-figure funding from Seeds Capital, others

ProfilePrint, an AI-powered food ingredient analysis platform, announced that it has closed a seven-figure pre-series A round.

Investors include Enterprise Singapore’s investment arm Seeds Capital, Glocalink Singapore, Leave a Nest Singapore, BP de Silva Group, as well as other strategic investors.

Photo credit: ProfilePrint

Founded in 2018, ProfilePrint has developed a technology that combines metabolomics, AI, and sensor technologies into a single platform that predicts the quality profile of a food sample “within seconds.”

The solution takes the form of a cloud-based platform with a portable analyzer. It allows stakeholders in the ingredient supply chain – ranging from growers, collectors, wholesalers, manufacturers, to retailers – to predict quality profiles without human intervention or destroying the sample, the firm said.

The Singapore-based startup claims that the solution is increasingly important during the Covid-19 pandemic, as companies are restricted from sending their staff to farms for sourcing and quality inspections. The company saw accelerated revenue growth and rapid business user adoption amid the crisis.

Proceeds from the latest investment will go toward strengthening ProfilePrint’s patented technology, developing the analysis solutions on the software-as-a-service platform, and expanding its team.

The firm currently provides its food fingerprint solution to food brands and manufacturers in Singapore, Malaysia, Indonesia, Vietnam, Sri Lanka, the US, and China for quality control, characteristic profiling, and blend recommendation.

It also helps organizers of trade shows by creating a virtual platform for its exhibitors and trade visitors to ascertain grade and quality of ingredients online without the need for physical samples.