Myavanaan Atlanta, Georgia-based company specializing in AI-powered personalized hair care has raised $5.9 million in seed funding.
Backers included Prisma Ventures, H/L Ventures, New Age Capital, BrainTrust, Duo Partners, REFASHIOND Ventures, Resilient Ventures, Amazon, Reform Ventures and NGC Capital.
The company wants to use the funds to expand its business activities and consolidate its position.
Myavana is a beauty tech company led by CEO and founder Candace Mitchell that provides data-driven insights to retailers, salons, brands and consumers. Its HairAI™ The technology uses microscopic hair analysis and advanced algorithms to decipher the intricacies of hair texture, type and condition, providing retailers, consumers and salons with instant product recommendations tailored to their specific needs.
Its real-time data analytics platform enables partners like Ulta and Amazon to drive purchases with its Hair RI solution. The company has also partnered with the National Black-Owned Beauty Supply Association and Braintrust Founders Studio, facilitating distribution to over 1,000 retailers and salons.
FinSMEs
11.08.2024
