Ai Palette Secures $4.4M for Global Expansion of AI-Driven Consumer Trend Forecasting
Singapore-based Ai Palette Pte Ltd has secured $4.4 million in a Series A round, aiming to expand its customer base globally and boost its product offerings. The company specialises in using machine learning and AI to forecast consumer trends for CPG and food businesses.
Ai Palette plans to grow its customer base in the United States, United Kingdom, Australia, France, Canada, and the Middle East. The company will use the raised funds to fuel this expansion and recruit top talent in data science and engineering.
Ai Palette's flagship product, Foresight Engine, can analyse data from diverse sources, including images, and recognise 15 different languages. It can predict a trend's future trajectory, identify the consumers driving it, and assess its maturity. This innovative tool helps CPG and food companies stay ahead of the curve.
The Series A 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's successful funding round will enable it to expand its reach globally, attract top talent, and develop new product lines. Its cutting-edge Foresight Engine continues to set the standard for consumer trend prediction in the CPG and food industries.
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