MYAVANA, a leader in AI-powered personalized hair care, has successfully raised $5.9 million in a seed funding round, underscoring its significant influence in transforming the global hair care industry.
This funding round was led by strategic investors who recognize MYAVANA’s innovative use of AI to revolutionize the hair care market. Key investors include Prisma Ventures (Ulta’s innovation fund), H/L Ventures, New Age Capital, BrainTrust, Duo Partners, REFASHIOND Ventures, Resilient Ventures, Amazon, Reform Ventures, and NGC Capital. The infusion of funds will help accelerate MYAVANA’s growth, solidifying its pioneering role in personalized hair care under the guidance of its founder, Candace Mitchell.
Over the past 12 years, MYAVANA has achieved numerous milestones, most notably the creation of the world’s first AI-driven, proprietary personalized hair care software system. This advanced technology analyzes hair in a manner akin to a fingerprint, revealing crucial details about texture, type, condition, and even underlying health factors such as toxins, illnesses, and diet. MYAVANA is leveraging its leadership in the market to make a significant impact in several key areas.
