Doinglab Secures Series A Funding for Global Expansion of Food Recognition Tech

Doinglab Secures Series A Funding for Global Expansion of Food Recognition Tech

Reading Time: < 1 minute

South Korean AI healthcare startup, Doinglab, has successfully secured a Series A bridge investment from its existing investor, Insight Equity Partners. 

Doinglab is the brains behind FoodLens, an AI-based food recognition technology. This innovative system analyzes users’ food photos, providing nutritional information. Currently, FoodLens is in use by over 50 businesses in Korea. 

Furthermore, Doinglab has expanded globally, introducing CaloAI, a new engine specialized in international food recognition, and supplying it to medical institutions in Singapore last year.

In addition to these advancements, Doinglab is refining its diet monitoring solution that leverages its core technology. This solution analyzes and digitizes food photos taken by patients, allowing administrators to view dietary data in a chart format. This enhances the exchange of accurate information between patients and administrators, making nutritional counseling more convenient.

Hyunseok Lee, Doinglab’s VP, emphasized the importance of diet management for chronic diseases like diabetes and obesity. He stated, “Through this investment, we will strengthen our AI technology for global food recognition and expedite our entry into the global healthcare market.”

Meanwhile, Doinglab is gearing up for a significant move into the North American market by participating in the ‘HIMSS 2024‘ global healthcare information system exhibition, taking place at the Orange County Convention Center in Orlando, USA, from the 11th to the 15th.

[Korean Foodtech Startup News]

• SOPOONG VENTURES Joins Funding for Israel-Based AI Foodtech Company BioRaptor
• [Korean Startup Interview] Mukkebi: A Public-Private Partnership Delivery App Challenging Korea’s Oligopoly Giants
• South Korean Tablet Menu Provider Torder Raises $25M, Valued at $250M
• JAGALCHI OJIMAE Brand Gains Seed Funding for Local Snack Expansion
• ‘Needs’ Secures Bridge Investment for AI-Based Food Supply Management
• Korean FoodTech Startup Jeongyookgak Secures ₩10 Billion Investment
• Captainbong Attracts KRW 250M Investment for Growth from Jeonbuk Venture Innovation Fund No.1
• [Korean Startup Interview] Poolix: Making New Paradigm in the B2B Food Market Through Digital Transformation
• SOPOONG VENTURES Invests in Alternative Coffee Manufacturer ‘Prefer’
• Startups at ‘Youth Cook Business Center of Seoul’ Hit KRW 11 Billion in Sales