AI nutrition data Startup Nutrino raises $10 million in funding to lead the next wave of personalized health
Tel-Aviv Israel-based startup, Nutrino, is a data platform that gets to know you and your personal biochemistry, then uses that information to determine your FoodPrintTM – the digital signature of how food affects your body. It’s where body analytics meet personalized diet and nutrition. The startup was founded in 2011 by Eduard Ros, Jonathan Lipnik, José Luis Martín de Bustamante and Yaron Hadad.
The company announced today the completion of its Series A round of $8 million, bringing the total raised to $10 million. The funds will be used to expand Nutrino’s services across the multibillion-dollar digital health sector and foster additional partnerships in the spheres of food analytics and nutrition insights for people living with diabetes. The funding will also go towards further developing Nutrino’s database, which collates data from millions of food items globally, and is one of the largest in the world. The database is currently utilized by companies in industries from food & beverages to digital health, fitness and beyond.The seed round funding was led by Pereg Ventures, Nielsen Ventures and Gandyr Group. They joined existing investors – including the New York Angels group.
Nutrino’s advanced platform and comprehensive food database enable companies in these fields to improve the success of their products and programs, better understand populations and eating patterns, and identify new areas of opportunity. “Digital Health is predicted to be worth several hundreds of billions in the coming decade,” said Ziv Ben Barouch, Managing Partner of Pereg Ventures. “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’s robust nutrition insights platform for collecting, processing and analyzing food-related data serves as an invaluable tool for individuals and businesses alike. Nutrino uses AI and machine learning to better understand individual responses to particular foods via feedback from wearables and other data-points. These unique contextual insights allow Nutrino to define an individual’s FoodPrint™: the digital signature of how food affects a person’s body. Understanding one’s FoodPrint™ gives individuals greater control in using nutrition as a means of combatting chronic disease, managing weight and improving overall wellbeing. With an estimated 415 million people living with diabetes worldwide, expected to reach 642 million by 2040, Nutrino can offer smart, data-based, individualized insights for personal nutrition. The depth, precision, and clarity that Nutrino delivers empowers better food decisions and shapes better outcomes for individuals and businesses.
“Our proprietary technology, FoodPrint™, uncovers the previously invisible connections between people and their food,” said Nutrino CEO Yael Glassman. “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. This funding round will enable us to significantly expand our commercial reach.”
At its core, Nutrino aims for improved universal health by enabling AI-led analysis of how nutritional intake will affect a person’s health. Nutrino has also built one of the world’s leading food databases and nutrition data insights platforms, collating data from millions of access points and food items globally. Nutrino works with global medical companies which serve hundreds of thousands of diabetics to understand these clients’ individual FoodPrint™, determining in almost real-time a personalized assessment of their personal response to different foods.