September 2023 RETAIL TECHNOLOGIES Harmonya Raises $20M Series A to Transform CPG and Retail with AI-Powered Product Data The platform allows companies to spot and react to current consumer trends, by providing AI-generated product attributes from titles, descriptions, ingredients, reviews, and more. 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. The current product data infrastructure used by major retailers and consumer packaged goods companies relies on outdated, static data models that lack a granular understanding of individual products....
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