Harmonya Raises $20 Million in Series A

by Kay Aloha Villamor in September 6th, 2023

Harmonya, a New York-based software company specializing in AI-powered product data, has raised $20 million in a Series A funding round, bringing its total funding to $25 million.

SaaS Investors

The funding round was led by Bright Pixel Capital, with participation from existing investor Team8, as well as Arc Investors, J Ventures, Silicon Road Ventures, Allen & Company, LiveRamp Ventures, and Susa Ventures.

Bright Pixel Capital, previously known as Sonae IM, is the technological investment arm of the multinational group Sonae. With around 50 direct investments, it encompasses stakes in companies on a global scale, from initial to growth phases, and in strategic business areas such as cybersecurity, infrastructure software, and technology applied to retail and business applications.

Harmonya Use of Funds

The funding will be used to further develop Harmonya's proprietary generative AI technology, enhance its suite of tools, and scale its go-to-market operations.

About Harmonya

Founded in 2021, Harmonya is the all-in-one AI-powered product data enrichment, categorization, and insights platform for retailers and brands. The solution harnesses the power of cutting-edge generative AI and large language models to dynamically surface product attributes from a wide range of sources. Based in New York with an office in Tel Aviv, the company builds revolutionary technologies and tools to help its customers realize their full potential through deeper product understanding. Harmonya transforms static, commoditized product data into a dynamic resource to enrich, categorize, and draw insights from products and help Fortune 500 CPGs and retailers grow their businesses.

Funding Details

Company: Harmonya, Inc. 

Raised: $20.0M

Round: Series A

Funding Month: September 2023

Lead Investors: Bright Pixel Capital

Additional Investors: Team8, Arc Investors, J Ventures, Silicon Road Ventures, Allen & Company, LiveRamp Ventures, and Susa Ventures

Company Website: https://www.harmonya.com/ 

Software Category: All-in-one AI-powered Product Data Enrichment

Source: https://www.prnewswire.com/il/news-releases/harmonya-raises-20m-series-a-to-transform-cpg-and-retail-with-ai-powered-product-data-301917640.html



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