Acquisition of Spoonshot by Target Research Group
NEW YORK A culinary intelligence platform called Spoonshot has been bought by Target Research Group. The acquisition’s terms were kept a secret. According to the company, the acquisition will allow Target Research Group to provide AI-powered insights for companies in the food and beverage sector.
Foodbrain+ was a collaborative endeavour that resulted in Target Research Group purchasing Spoonshot. According to the company, Foodbrain+ is an AI platform that offers innovation, customer testing, and speeds up market introductions for businesses. The platform let makers of food and beverage products create new applications by centralising data points from over 28,000 sources.
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A startup called Spoonshot specialises in food and beverage analytics and offers market research on food and beverage trends.
A market research firm is called Target Research Group.