Tastewise, a Tel Aviv, Israel-based artificial intelligence-powered platform that helps food brands bring products to market based on consumer data, raised $17 million in a Series A funding, bringing Tastewise’s total funding to $21.5 million.
The Series A round was led by Disruptive AI, an Israeli venture capital fund specializing in artificial intelligence startups, with participation from existing investors PeakBridge and PICO Venture Partners.
Tastewise will use its latest funding to expand into new markets, including Canada, Australia, Germany, France, and India.
Company: Tastewise Technologies Ltd.
Round: Series A
Funding Month: March 2022
Lead Investors: Disruptive AI
Additional Investors: PeakBridge and PICO Venture Partners.
Company Website: https://tastewise.io/
Software Category: AI-Driven Platform for Food Innovation
About the Company: Tastewise is the AI platform food brands use to make smarter decisions for a healthy, sustainable, and delicious future. Tastewise has provided a data-driven solution for new product development, marketing, and foodservice sales since launching in 2017. Using proprietary AI and the food and beverage industry’s largest available dataset, Tastewise works with food brands, manufacturers, ingredient companies, and flavor houses to enhance new product development build marketing strategies, and accelerate sales in retail and restaurants. Its broad customer base spans Fortune 500s like Nestle, PepsiCo, Kraft Heinz, and Campbell Soup Co. to industry newcomers like Just Egg.