ProfilePrint, a Singapore-based artificial intelligence (A.I.) agri-food tech company, has on Monday announced the signing of commercial contracts to deploy the ProfilePrint technology with three of Brazil’s largest food companies – Louis Dreyfus Company Brasil, Olam Agrícola Ltda (Brazil) and Sucafina Brasil.
ProfilePrint said in a statement that Latin America is responsible for 16 percent of total global exports of food and agricultural products.
However, it said one of the main challenges facing the industry is not being able to ascertain the quality of the food ingredients that are produced and traded as production conditions vary across high-tech farms and small producers.
It said ProfilePrint has managed to address this struggle faced by many in the food ingredient supply chain and has caught the attention of industry giants including Cargill, Olam, Sucafina, Louis Dreyfus Company and Sinarmas.
The agrifood tech startup developed an A.I. technology, which predictively and prescriptively analyzes food ingredients such as coffee, cocoa, grains, sugar and juices, with a portable analyzer and a software platform in just a few seconds.
Such a technology solution can potentially revolutionize the food ingredient supply chain, by empowering human graders and speeding up the assessment process, thereby significantly reducing the sales cycle by 10 times.
“Our technological solution powers people to be more effective and advances agribusinesses across the entire chain in Brazil, initially with coffee and cocoa,” said Alan Lai, Chief Executive Officer and Founder of ProfilePrint.
Without prior training, he said producers will be able to rapidly ascertain the quality of their crop and get a fairer price on their sales based on its true quality.
The buyer on the other hand will be able to instantly and digitally assess the quality of the crops, thereby minimizing the need for sending samples as he will be able to access the independently trusted ProfilePrint report online, he added.
“As a result, carbon footprints will be significantly
reduced with less onerous physical grading as well as a reduction of samples shipped,
“Beyond rapid assessment, agribusinesses will also be able to use the ProfilePrint AI solution to propose blends based on tailored flavor requirement of their clients,” he said.
Also in the month of February, ProfilePrint officially formalized an alliance with Anacafé, the National Coffee Association of Guatemala to empower more than 125,000 Guatemalan coffee growers using the cutting-edge A.I. technology to classify and grade coffee without prior cupping training.
In addition, the company officially unveiled its Global SCA cupping A.I. predictor and participated as an official evaluator in the 19th edition of Let’s Talk Coffee in Honduras, empowering human experts to more objectively and efficiently ascertain the quality of all participating coffee samples during the three-day event.
Apart from being a profiling tool, ProfilePrint is also able to provide prescriptive analysis of food ingredients and offer recommendations to its clients to achieve the optimal blend for its products.
ProfilePrint managed to help a major client in the cocoa industry establish the acceptable tolerance for its product and recommend a different set of beans for its blend, which resulted in savings of $1.64 million annually.
ProfilePrint is an A.I.-driven ingredient profiler and standards translator powered by patented digital food fingerprinting technology.
The firm aims to equip its users with the ability to rapidly ascertain the suitability of ingredients based on their own requirements without the need to see, touch and taste.