Singapore-based Ai Palette announced today that it has raised $4.4 Million in an oversubscribed Series A round. The round was co-led by Exfinity Venture Partners and pi Ventures. With participation from Anthill Ventures and return investors VC AgFunder and Decacorn Capital.
Ai Palette will use its new capital to expand its customer base outside of Asia, recruit new data science and engineering talent, and develop new product lines.
Company: Ai Palette Pte Ltd
Round: Series A
Funding Month: August 2021
Lead Investors: Exfinity Venture Partners and pi Ventures
Additional Investors: Anthill Ventures and return investors
VC AgFunder and Decacorn Capital
Company Website: https://www.aipalette.com/
Software Category: Artificial Intelligence platform for FMCG Product Innovation
About the Company: Ai Palette uses machine learning and artificial intelligence to help CPG and food companies predict consumer trends as they emerge. The company’s first product is called Foresight Engine, which can track a trend’s future trajectory, consumers driving it, and its maturity. The machine learning platform recognizes 15 different languages and can process data from various sources including images.