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Spoonshot
Food & beverage decision intelligence
- 21-100 employees
- B2B
- Artificial Intelligence
- Enterprise
- Food
- Core, Saint Paul, MN
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Company mission
Deliver food & beverage intelligence that results in wins for our customers.
Our take
Fast moving consumer goods account for over 50% of consumer spending, and are particularly susceptible to quick market switches and trends in consumer tastes. This is especially true for food products, and can make it difficult for larger brands to keep up. Spoonshot is a company aiming to help food brands capitalize on nascent trends before they even hit the market, by leveraging big data.
The company uses AI to pull organized, useful information from unstructured data. This includes crawling the web for domain data to transform into food trends, or using their “foodbrain” artificial intelligence to recommend product concepts. It’s likely to attract them good attention from larger incumbent brands: current methods for product research and development in the food industry often deliver slow, limited, and frequently outdated information.
Spoonshot has been using its recent funding for marketing, something the company hadn't done upto that point, and hiring out its team.
Kirsty
Company Specialist at Welcome to the Jungle
Company values
- First-principles: avoid assumptions, instead be curious and inquisitive
- Details matter: dive deep, look closer, obsess over the small things, it’s what breeds quality and trust
- Show passion: commit wholeheartedly and go the extra mile
- Drive excellence: lead by example and accept/deliver nothing less than great
- Give first: be helpful, kind, and open
Funding (2 rounds)
Sep 2020
$1.3m
SEED
Jul 2018
$0.6m
SEED
Total funding: $1.8m
This company has top investors
Leadership
Kishan Vasani
(Co-Founder & CEO)- 2 leadership roles at Just Eat including COO (India) - 10 years in FoodTech - Co-Founder of education non-profit One Cause - Founder of a Digital Marketing agency
Diversity, Equity & Inclusion at Spoonshot
- We have a values-based hiring and performance evaluation framework
- Our culture is underpinned by open, humble, and hungry minds