Decacorn Capital led a US$ 1.1M seed funding round in Singapore based food-tech startup Ai Palette with participation from Singapore Sovereign venture funding initiative “SGInnovate" and co-investment from California based food-tech fund “Agfunder"; UK based "Entrepreneur First"; together with senior professionals of multinational food and consumer brands chipping in their personal capacity.
The news received wide media coverage
https://agfundernews.com/why-agfunder-thinks-ai-palette-will-revolutionize-4tn-fmcg-industry.html
https://www.techinasia.com/ai-palette-raises-1m-decacorn-sginnovate
https://www.dealstreetasia.com/stories/sg-ai-palette-decacorn-150893/
Ai Palette uses a combination of Artificial Intelligence(AI), computer vision and Natural Language Processing (NLP) and predictive analytics to identify emerging food trends and help multinational fast moving consumer goods (FMCG) companies save millions of dollars from botched product launches in the $4 trillion FMCG industry.