Foodvisor, a nutrition assistant app that aims to help people eat better, announced today that it has raised $4.5 million from the VC fund Agrinnovation (operated by Demeter) along with other angel investors. With this round, Foodvisor has raised $5.3 million to date.
Foodvisor creates an AI-powered food diary that allows users to keep track of what they eat. The app uses a combination of computer vision and deep learning so that all a user need do is snap a picture of the food they are eating. Foodvisor can then identify the food on the plate, serving size and create a detailed nutritional report. Foodvisor says its app can identify 1,200 different food items and is constantly learning new ones.
The company says it will use the new money to accelerate growth in the United States where, the Foodvisor CEO makes a point to say in the press announcement emailed to The Spoon, that “70% of the Americans are overweight or obese.” Foodvisor says that currently 20 percent of its user base comes from the U.S.
They say that you lose weight in the kitchen and get fit at the gym. Keeping track of what you eat is a good first step for anyone looking to shed a few pounds and get healthier. Foodvisor isn’t the only app that uses your smartphone camera to help make food journaling easier. Bite.ai offers a free consumer app as well as an API that other business can tap into to for similar food recognition services.
Foodvisor offers a free app for iOS and Android as well as premium version that offers more personalized advice and recommendations for a monthly subscription that costs from $4.99 to $6.99.