Nutrition Data Startup Nutrino Raises $10M To Build World’s Largest Food Database

By NoCamels Team April 10, 2018 Comments

nutrinoApril 10, 2018 | Nutrition data startup Nutrino, a provider of nutrition-related data services and analytics technology, announced Monday that it has raised $8 million in a Series A funding round, bringing its total funding to $10 million. Nutrino was founded in 2014 by Jonathan Lipnik, now the company’s president and chairman of the board, and Yaron Hadad, its chief scientist. The latest funding round was led by Pereg Ventures, Nielsen Ventures, the venture arm of data analytics giant Nielsen, and Gandyr Group, who were joined by existing investors. The funding will be used to expand partnerships and help grow Nutrino’s food database and nutrition data insights platforms, which is said to be the largest in the world, and collates data from millions of access points and food items globally. With offices in San Francisco and Tel Aviv, Nutrino uses machine learning and artificial intelligence to better understand individual responses to particular foods through feedback from various data points. Its nutrition insights platform, which collects, processes, and analyzes food-related data is a tool used by food and beverage groups, digital health industries, fitness companies, and more. The data and insights collected help Nutrino define an individual’s FoodPrint, or digital signature, of how food affects a person’s body. Nutrino CEO Yael Glassman tells NoCamels that the funding will go toward commercial expansion as well as into expanding and scaling the database. “Our proprietary technology, FoodPrint, uncovers the previously invisible connections between people and their food,” said Glassman in a company statement. “Nutrino is where data meets nutrition, and as we’ve demonstrated in our work with multinational partners around nutrition and diabetes, the opportunity is vast.” Ziv Ben Barouch, Managing Partner of Pereg Ventures said, “Digital Health is predicted to be worth several hundreds of billions in the coming decade…with skyrocketing consumer demand for increased information about what they eat and growing health awareness, nutrition data is the largest untapped sector of this industry, and Nutrino is perfectly positioned to address this opportunity.” Nutrino says that with an estimated 415 million people living with diabetes worldwide, expected to reach 642 million by 2040, the company “can offer smart, data-based, individualized insights for personal nutrition” in order to “empower[s] better food decisions and shape[s] better outcomes for individuals and businesses.”

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