The Business Times

Food giant Cargill backs Singapore startup ProfilePrint in Series A extension

Sharanya Pillai
Published Thu, Aug 11, 2022 · 10:00 AM

GLOBAL food supplier Cargill has invested an undisclosed sum in the Series A1 round of ProfilePrint, a Singapore-based startup that provides “food fingerprint” solutions to assess the quality of ingredients.

ProfilePrint had earlier raised an undisclosed 8-digit Series A sum in February, with investors including commodities giants the Louis Dreyfus Company, Olam International and Sucafina. It will use the latest capital raised for product development and talent acquisition.

The startup has come up with an AI-driven food profiler, which it says can predict the quality and profile of a food sample within seconds, as opposed to the resource-intensive process of physical grading. It aims to establish a common digital standard for food fingerprinting based on its patented technology.

“Our solution allows users to ascertain the agreed quality of food ingredients in an online transaction, saving time and money by transforming the current onerous process of sending samples for physical checks,” said Alan Lai, ProfilePrint’s CEO and founder.

Over the last 6 months, Cargill has completed pilots with ProfilePrint to validate the startup’s technology with ingredients such as cocoa and chocolate. Traditionally, cocoa powder requires different lab equipment to ascertain parameters such as moisture level, colour and alkaline level. Human sensory panels are also used to determine whether the flavour is within expectations, which can be costly and subjective. 

“ProfilePrint’s digital food fingerprinting technology holds the potential to transform the global food ingredient supply chain, strengthening the sensory innovation capabilities of our ingredient portfolio without compromising on taste and quality,” said Francesca Kleemans, managing director for Cargill’s cocoa and chocolate business in Asia-Pacific.

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