Israel-based nutritional data platform developer Nutrino closed an $8m series A round on Tuesday that featured Nielsen Ventures, the corporate venturing arm of market research provider Nielsen.
The round included venture capital firm Pereg Ventures and family office Gandyr Group as well as investors from previous rounds including angel syndicate New York Angels, which led a seed round of undisclosed size for the company.
Nutrino’s app uses machine learning to provide dietary insights based on a database of nutritional information logged from sources such as wearable devices, and can compile personalised reports called FoodPrints predicting each user’s response to food and drinks.
The capital will be used to build out Nutrino’s services as it looks to secure more partnerships in the food analytics and nutrition segments, with an emphasis on treating diabetes.
The company also plans to enhance its database, which is used by clients in industries including fitness, digital health, food and beverages. It has now raised $10m altogether.
Nutrino was a participant in the 2015 cohort of Alpha Zone, an accelerator run by computing technology manufacturer IBM, which resulted in the pair teaming up to launch a nutrition app for pregnant women.