Ai Palette Secures $5.8M Series A1 Funding to Lead Innovation in CPG Development with AI Technologies
Ai Palette stands at the forefront of integrating AI and ML technologies to revolutionize product development in the consumer packaged goods industry.
Company Name: Ai Palette
Location: Singapore
Sector: AI & ML for Consumer Packaged Goods Development
Funding Details: Raised $5.8M in Series A1 funding from Tin Men Capital, Exfinity Ventures, and Pi Ventures.
Purpose of Investment: To broaden operations and enhance development initiatives.
Leadership: Co-founded by Somsubhra Ganchoudhuri and Himanshu Upreti
Product: Ai Palette offers a cutting-edge, insight-driven platform for the CPG industry that facilitates real-time trend monitoring and swift product concept generation. Leveraging predictive analytics and natural language processing, the platform processes over 61 billion data points, providing insights in 18+ languages. In 2023, the launch of FoodGPT, a Generative AI tool tailored for the Food & Beverage sector, marked a significant milestone in the company's innovation journey.
About Company: Ai Palette stands at the forefront of integrating AI and ML technologies to revolutionize product development in the consumer packaged goods industry. With its global reach and a dedicated engineering hub in India, Ai Palette is transforming how industry giants like Nestle, Kelloggs, and Diageo track trends and create product concepts, reinforcing its position as a leader in the CPG technology space.