Foodspace Technology Selected for Microsoft for Startups Designed to Help Startups Quickly Scale
BOSTON, MA October 15th 2021 – Foodspace Technology a leading technology company that creates rich and accurate shopper-centric data from CPG products, today announced its induction into Microsoft for Startups, a global program dedicated to accelerating the trajectory of high-potential startups to enable growth at scale. As a program member, Foodspace Technology will have exclusive access to Microsoft technology, mentorship and business support.
Foodspace Technology uses advanced Machine Learning and AI to quickly capture CPG product data from product images. In a single scan, the company can generate direct package label information in addition to synthesizing shopper-centric attributes, which CPG manufacturers can use to increase their product’s discovery on the digital shelf and support Retail SEO.
Foodspace Technology will use Microsoft’s CPG and retail technology to reach a wide-scale audience in a short time, with built in redundancy and security.
“We’re honored to be among such a select group of companies from around the world chosen to join the Microsoft for Startups program, and we plan to leverage this amazing opportunity to its fullest,” said Ayo Oshinaike, CEO. “Our participation in the program comes at a critical time for our company as we launch our unified commerce experience for customers.”
“Foodspace Technology’s mission to address an unresolved problem in one of the fastest-growing segments of the CPG industry is a great fit for the program. We look forward to helping Foodspace Technology deliver their innovative solution to our joint customers,” said Shish Shridhar Microsoft for Startups.
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Foodspace Technology announces its induction into Microsoft for startups, a global program dedicated to accelerating high-potential startups.