Myavana, an Atlanta, GA-based firm which focuses on AI-driven customized hair care, raised $5.9M in Seed funding.
Backers included Prisma Ventures, H/L Ventures, New Age Capital, BrainTrust, Duo Companions, REFASHIOND Ventures, Resilient Ventures, Amazon, Reform Ventures, and NGC Capital.
The corporate intends to make use of the funds to increase operations and consolidate its place.
Led by CEO and Founder Candace Mitchell, Myavana is a magnificence tech firm offering data-driven insights to retailers, salons, manufacturers, and customers. Its HairAI™ expertise makes use of microscopic hair evaluation and superior algorithms to decode the intricacies of hair texture, sort, and situation, offering retailers, customers, and salons with prompt product suggestions tailor-made to their particular wants.
Its real-time knowledge analytics platform allows companions like Ulta and Amazon to drive purchases with its Hair RI answer. The corporate has additionally collaborated with the Nationwide Black-Owned Magnificence Provide Affiliation and Braintrust Founders Studio, facilitating distribution to over 1,000 retailers and salons.
FinSMEs
11/08/2024
