• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Skip to navigation
Close Ad

The Spoon

Daily news and analysis about the food tech revolution

  • Home
  • Podcasts
  • Events
  • Newsletter
  • Connect
    • Custom Events
    • Slack
    • RSS
    • Send us a Tip
  • Advertise
  • Consulting
  • About
The Spoon
  • Home
  • Podcasts
  • Newsletter
  • Events
  • Advertise
  • About

Ai Palette Raises $1.1M in Seed Funding for its Food Trend Prediction Platform

by Chris Albrecht
August 23, 2019August 23, 2019Filed under:
  • Robotics, AI & Data
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to email this to a friend (Opens in new window)

Ai Palette, a Singapore-based startup that uses machine learning and artificial intelligence to predict trends for food companies, announced it has raised $1.45 million Singapore dollars (~$1.1M USD) in seed funding. The blog e27 reported the news first, writing that the funding round was led by Decacorn Capital with participation from the Singapore government’s SGInnovate and AgFunder as well as existing investor Entrepreneur First.

According to Ai Palette’s website, the company uses “Artificial Intelligence and Machine Learning to draw insights from millions of data points to identify consumer needs in real time and combine it with the brand personality to create winning food product concepts.”

Using machine learning and AI to help food and CPG companies capitalize on emerging trends is an already crowded field. Companies like Spoonshot, Analytical Flavor Systems, Tastewise and Halla all use various implementations of machine learning and AI in this capacity.

The goal for all of these companies is to speed up the R&D process for food producers. The sooner a food trend can be spotted, the faster the process can be to get it to market. Additionally, AI allows companies to suck up even more data to provide more granular predictions based on things like regional preferences, or even come up with new flavor combinations that might not ordinarily be tried.

Ai Palette says it will use its new funding to scale up development and grow out its customer base across multiple markets.


Related

Get the Spoon in your inbox

Just enter your email and we’ll take care of the rest:

Find us on some of these other platforms:

  • Apple Podcasts
  • Spotify
Tagged:
  • AI
  • Ai Palette
  • flavor
  • machine learning

Post navigation

Previous Post DoorDash Outlines New Payment Policy for its Dashers
Next Post The Food Tech Show: Delivery Bots Head to College

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Get The Spoon in Your Inbox

The Spoon Podcast Network!

Feed your mind! Subscribe to one of our podcasts!

Food Waste Gadgets Can’t Get VC Love, But Kickstarter Backers Are All In
Report: Restaurant Tech Funding Drops to $1.3B in 2024, But AI & Automation Provide Glimmer of Hope
Don’t Forget to Tip Your Robot: Survey Shows Diners Not Quite Ready for AI to Replace Humans
A Week in Rome: Conclaves, Coffee, and Reflections on the Ethics of AI in Our Food System
How ReShape is Using AI to Accelerate Biotech Research

Footer

  • About
  • Sponsor the Spoon
  • The Spoon Events
  • Spoon Plus

© 2016–2025 The Spoon. All rights reserved.

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.