Harmonya, a New York-based software company that uses AI to power product data for CPG and retail, has raised $20 million in Series A funding. The 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. The company has now raised a total of $25 million.
Harmonya's platform uses generative AI to enrich product data with deeper attributes and characteristics. This allows retailers and brands to better understand their products and customers, and to make more informed decisions about product assortment, merchandising, and marketing. The company's customers include some of the world's leading CPG and retail companies, such as Unilever, P&G, and Walmart. Harmonya plans to use the new funding to further develop its technology, expand its customer base, and grow its team.
