MyFitnessPal, a leading health and fitness app, has acquired Cal AI, a rapidly growing calorie counting app developed by two high school students. The acquisition will see the Cal AI team, including co-founder and CEO Zach Yadegari, joining forces with MyFitnessPal.
Cal AI, which has amassed over 15 million downloads and $30 million in annual revenue in less than two years, has emerged as a formidable competitor in the calorie counting app market. The app’s core functionality of estimating caloric intake through food images will continue to operate independently, but users will now benefit from the integration of Cal AI’s technology with MyFitnessPal’s extensive nutrition database, featuring data on 20 million foods, 68,500 brands, and meals from over 380 restaurant chains.
MyFitnessPal’s CEO, Mike Fisher, expressed satisfaction with the outcome, highlighting the perseverance and competitive edge that led to the acquisition. The financial details of the deal have not been disclosed, but the acquisition represents a significant milestone for the young co-founders, Yadegari and Henry Langmack.
Source: TechCrunch