ProfilePrint

ProfilePrint, founded in Singapore in 2017 by Alan Lai and Rehan Amarasuriya, operates as an AI-driven food ingredient quality platform. The inspiration for the company stemmed from CEO Alan Lai's experience in 2012 in Uganda, where he observed a massive price disparity for chia seeds between the local farm and a London grocery store, sparking the question of how to verify and standardize quality across the global supply chain. Lai, who has a background in aeronautical engineering and extensive experience in venture capital and M&A, leads the company's mission to digitize food quality assessment.

The company's core offering is a patented Identity-as-a-Service (IDaaS) technology that provides a digital fingerprint for food ingredients. This is achieved by using a portable analyzer to capture molecular data from a sample, which is then processed by an AI-powered cloud platform. The system generates a comprehensive report on the ingredient's quality, including its taste profile, freshness, and authenticity, in seconds without destroying the sample. This technology addresses the inefficiencies and subjectivity of traditional quality assessment methods, such as manual inspection and cupping, which are often time-consuming and costly.

ProfilePrint serves a global client base of agribusinesses, including growers, traders, and manufacturers, across more than 50 locations on six continents. Its business model is based on a recurring revenue subscription to its platform. The company's solution allows buyers and sellers to establish an objective and agreed-upon quality standard, streamlining transactions and reducing the need to ship physical samples. Clients have reported significant efficiency gains, with the ability to get digital fingerprints and AI-powered assessments in minutes. The platform has been applied to various ingredients such as coffee, cocoa, tea, edible oils, and grains. Key features include a blend recommendation engine, non-visual defect detection, and 'Verify,' a tool for sharing digital sample reports for instant quality approval.

The firm has secured significant backing from major food conglomerates and venture capital funds through multiple funding rounds, including a Series A in 2022 and a Series B in December 2023. Investors include Cargill, Louis Dreyfus Company, Olam Food Ingredients (ofi), Sucafina, and Tai Partners. These strategic partnerships and funding are being used to enhance the technology, expand the team, and establish ProfilePrint as a global digital standard for food ingredients. Keywords: food ingredient quality, agritech, food technology, AI food analysis, digital food identity, supply chain technology, molecular data, food quality assessment, ingredient fingerprinting, SaaS, agribusiness solutions, coffee grading, cocoa analysis, tea profiling, edible oils, food traceability, quality control, food sample analysis, non-destructive testing, blend recommendation engine