Ai Pallete Secures $5.8 Million in Series A1 Funding
Ai Palette, a Singapore-based technology company that provides AI-powered solutions for product innovation, has secured $5.8 million in Series A1 funding.
The round was led by Tin Men Capital, with participation from existing investors – Exfinity Ventures and Pi Ventures.
Founded in 2018, Tin Men Capital is a Singapore-based venture capital fund management company that focuses exclusively on B2B tech companies in Southeast Asia.
The company plans to use the funds to expand into beauty and personal care and nutraceuticals while enhancing its generative AI capabilities, aiming for global expansion.
Established in 2018 by Somsubhra GanChoudhuri and Himanshu Upreti, Ai Palette is a company that delivers AI-driven product development solutions to businesses operating in the food and consumer packaged goods (CPG) sectors. The company offers a suite of AI-driven services that enable the discovery of emerging trends, the creation of new product concepts, and virtual validation of these concepts based on consumer preferences. Its proprietary technology harnesses predictive analytics, natural language processing, and computer vision to capture trends from diverse data sources, processing over 61 billion data points and delivering insights in 18+ languages. Based in Singapore with an engineering hub in India, Ai Palette serves a global clientele through its sales headquarters in the United States.
Funding Details
Company: Ai Palette Pte Ltd.
Raised: $5.8M
Round: Series A1
Funding Month: February 2024
Lead Investors: Tin Men Capital
Additional Investors: Exfinity Ventures and Pi Ventures
Company Website: https://www.aipalette.com/
Software Category: Product Development