Ai Palette Raises $5.8M for Global Expansion into Beauty & Nutraceuticals
Singapore-based tech firm Ai Palette has raised $5.8 million in Series A1 funding, led by Tin Men Capital with support from Exfinity Ventures and Pi Ventures. The company uses AI to capture trends from vast data sources, processing over 61 billion points and delivering insights in 18+ languages.
Founded in 2018 by Somsubhra GanChoudhuri and Himanshu Upreti, Ai Palette initially focused on food and CPG businesses, offering AI-driven product development solutions. With the new funds, the company plans to expand into beauty and personal care, as well as nutraceuticals. It also aims to strengthen its generative AI capabilities for global growth.
Ai Palette's proprietary technology combines predictive analytics, natural language processing, and computer vision. The company operates globally, with a base in Singapore, an engineering hub in India, and a sales headquarters in the US.
Ai Palette's Series A1 funding will support its expansion into new sectors and enhance its AI capabilities. The company's innovative use of AI to capture and deliver insights positions it well for global growth.
