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Harmonya Raises $20M Series A To Transform Cpg And Retail With Ai-Powered Product Data

Sep 05, 2023•almost 2 years ago

Amount Raised

$20 Million

Round Type

series a

New YorkSoftwareAnalytics

Investors

Susa VenturesLive Ramp VenturesAllen & CompanySilicon Road VenturesJ VenturesArc InvestorsTeam8Bright Pixel Capital

Description

Harmonya, a software company transforming CPG and retail with AI-powered product data, announced today their $20M Series A, bringing their total funding to $25M. The round was led by Bright Pixel Capital with the participation of existing investor Team8, as well as Arc Investors, J Ventures, Silicon Road Ventures, Allen & Company, LiveRamp Ventures, and Susa Ventures. The funds will be used to further develop Harmonya's proprietary generative AI technology, enhance its suite of tools, and scale its go-to-market operations.

Company Information

Company

Harmonya

Location

New York, New York, United States

About

Harmonya is the AI-powered product data enrichment, insights, and attribution platform for retailers and brands. Legacy product data lacks descriptive and diagnostic power and limits what organizations can do. Harmonya enriches product data with deeper attributes and characteristics to power more impactful analytics and decision-making.

FundzWatch™ Score

64
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech