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Edamam

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Edamam sells nutrition analysis and meal recommendation solutions to food, health and wellness companies. Our highly accurate data services are real-time and fully automated, replacing human effort and saving customers both time and money.

Sofia, Sofia, Bulgaria

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Edamam

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Summary

Edamam sells nutrition analysis and meal recommendation solutions to businesses in the food, health and wellness sectors.

Notable clients include Nestle, Samsung, General Mills and Epicurious and we have over 7,500 subscribers to our APIs. Our goal is to become the leading provider of nutrition data to businesses worldwide.

Edamam's has built unique, proprietary technology and algorithms to organize and structure food and nutrition data.

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Summary

Edamam sells nutrition analysis and meal recommendation solutions to businesses in the food, health and wellness sectors.

Notable clients include Nestle, Samsung, General Mills and Epicurious and we have over 7,500 subscribers to our APIs. Our goal is to become the leading provider of nutrition data to businesses worldwide.

Edamam's has built unique, proprietary technology and algorithms to organize and structure food and nutrition data.

Prodcuts and Services

Edamam provides access via API or data licensing to:
-- Real-time nutrition analysis engine with human level accuracy (95%+)
-- Diet and nutrition focused meal recommendation engine
-- Database of 1.7 million nutritionally tagged and analyzed recipes

Business Model

Edamam charges customers monthly for licensed data or access to its APIs. Pricing is volume based and calculated off of the price of a unit of licensed data or per API call:

-- API minimum monthly plans range between $100 and $1,300
-- Custom implementations carry charges of $1,000-$5,000 per month
-- Subscriptions for our B2C nutrition analysis tool is $5-$25 per month

Current per customer monthly revenue is $350 and growing.

Competitive Advantage

Our proprietary technology represents a very high barrier to entry:

-- Semantic organization of data in own Food Knowledge Graph database
-- Sophisticated natural language processing for the food domain
-- Unique algorithms for recipe search, nutrition analysis and diet labeling

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Certifications

Seal of Excellence
The Seal of Excellence is a quality label awarded to project proposals submitted to Horizon 2020 which succeeded a highly competitive evaluation process by independent experts, but did not received funding due to budget limits. This quality label is a guarantee for investors to find high standard project proposals from European SMEs with growth potential.
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Our history

Start in October 2011

  • October 2011

    Company founded

  • April 2012

    First product launch

  • November 2014

    Switched to B2B model

  • February 2015

    B2B API products launched

  • April 2017

    30 large clients 7,500+ applications

to be continued ...