Key Takeaways
- Series B Success: ProfilePrint, a Singapore-based tech company, has successfully concluded its Series B funding round, led by Tai Partners.
- AI-Driven Revolution: The company’s innovative AI platform and digital food IDaaS technology are transforming agrifood.
- Global Impact: Already operational in nearly 50 locations across six continents, ProfilePrint’s platform has shown significant efficiency improvements, particularly in the coffee sector in East Africa.
- Innovative Features and Expansion: Introduction of ‘Verify,’ a new feature, and plans for global expansion and enhanced networking capabilities.
- Commitment to Quality and Privacy: ProfilePrint’s commitment to high standards, data security, and privacy is highlighted by its ISO 27001 certification.
ProfilePrint Pte. Ltd., a pioneering Singapore-based technology firm, has made headlines with the successful closure of its Series B funding round. This round was orchestrated by Tai Partners, with significant participation from four existing shareholders, signifying strong confidence in ProfilePrint’s advanced AI-driven ingredient quality platform and its patented digital food Identity-as-a-Service (IDaaS) technology.
This influx of capital is pivotal for ProfilePrint, propelling it to a new level of capability and influence. The funds will accelerate the company’s mission to revolutionize the complex procedures within the agrifood sector, leveraging the power of artificial intelligence. ProfilePrint’s platform, active in around 50 locations across six continents, is already creating a significant impact.
In East Africa, particularly Tanzania, coffee exporter Cotacof has seen substantial efficiency gains since adopting ProfilePrint’s technology in early 2022. The technology enables the rapid acquisition of digital fingerprints of green coffee beans and generates AI-based assessment reports in seconds. This efficiency has dramatically benefited the specialty-grade coffee identification process, especially during Tanzania Coffee Board’s weekly auctions. Kudrath Majid, the Quality Assurance Supervisor at Cotacof, praises the technology for its speed and accuracy.
Looking Ahead
Beyond coffee, ProfilePrint is expanding into other segments like cocoa, tea, juices, and edible oils. The forthcoming launch of ‘Verify’ will further enhance its platform, offering a groundbreaking feature allowing clients to digitally send sample reports, streamlining the quality approval process and saving time and costs.
The recent investment strengthens ProfilePrint’s market leadership and sets the stage for deeper market penetration. The upcoming Partners module will foster global networking and collaboration, transcending geographical boundaries and revolutionizing the sourcing and transaction processes in the agrifood industry.
ProfilePrint, headquartered in politically stable Singapore, emphasizes its commitment to data security and privacy, bolstered by Singapore’s stringent data protection laws and its ISO 27001 certification. This commitment is critical for maintaining trust with international partners.
ProfilePrint’s successful Series B funding round reaffirms its role as an industry innovator dedicated to transforming the global agrifood landscape with AI. The company is well-positioned to continue its innovation and strategic partnerships path, shaping the industry’s future with every AI-driven solution.
About ProfilePrint and Tai Partners
ProfilePrint, a Singapore-based AI-driven ingredient quality platform, utilizes patented digital food IDaaS technology. Leading food ingredient conglomerates, and international venture funds support it. Tai Partners, the lead investor in this round, is a venture capital firm focusing on disruptive technology companies, aiding them in global and Chinese market penetration.
Image provided by IPI Singapore
