Singapore agtech ProfilePrint enters Latin America

Singapore’s ProfilePrint, an AI-focused agtech, is betting on Latin American producers.

Founded in 2017, the company just signed agreements with Guatemalan coffee association Anacafe, representing 5,000 farmers, with Honduran producers, as well as Brazilian coffee traders, founder Alan Lai told BNamericas.

ProfilePrint is using a predictive and prescriptive food ingredient analytics platform, based on patented AI technology, that synthesizes interrelated parameters and sensory data into a unique fingerprint.

This way, the company claims to be able to predict the quality and profile of a food sample – such as a coffee grain – in seconds.

″If you look at the world’s largest coffee exporter and producer, this is Brazil. So Brazil is a clear target for us. And not just for coffee, but for sugar, grains, soil,″ Lai said.

The company is also prospecting in Colombia and Argentina, Lai said.

The startup is backed by international VC funds, the Singaporean government and investors, including global commodity traders Cargill, Louis Dreyfus, Olam, Switzerland's Sucafina and Sinar Mas, all of which are also using the technology.

The company claims to have its solution deployed in more than 40 locations globally, on different continents.