FoodRazor

Based in Singapore, FoodRazor is a cloud-based software-as-a-service platform that digitizes vendor invoice management and procurement processes for the global food and beverage industry. The system utilizes artificial intelligence to scan physical and digital invoices down to the item level, automatically routing the extracted data into integrated accounting systems to reduce manual entry errors. Operating on a subscription-based business model with paid plans starting at $99 per month, the platform provides restaurant and hospitality operators with data-driven cost analytics to optimize their food expenditures. The enterprise received financial backing from lead investor Cocoon Capital before undergoing an acquisition and leadership transition in June 2021, which installed Alfredo Molinas as the new chief executive officer. FoodRazor was originally founded in June 2015 by Niles Toh, Jeffrey M., and Petra Antić.