MYAVANA Secures $5.9M Seed Round Led by Ulta Beauty and Hosts Groundbreaking Beauty Tech Summit

AI-Driven Hair Care Pioneer Revolutionizes the $83B Global Market with Personalized Solutions and Industry Innovations

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New President of Braintrust Founders Studio Melissa Hibbert
New President of Braintrust Founders Studio Melissa Hibbert announces Retail Innovation Academy with MYAVANA to innovate the Black-owned beauty supply industry.

AI-Driven Hair Care Pioneer Revolutionizes the $83B Global Market with Personalized Solutions and Industry Innovations

MYAVANA, the trailblazer in AI-driven personalized hair care, has announced a significant milestone in its journey to revolutionize the $83 billion global hair care market. The company recently closed a $5.9 million seed funding round led by Ulta Beauty’s Digital Innovation Fund, reinforcing its market position and accelerating its mission to transform the industry. Under the visionary leadership of Candace Victoria Mitchell, MYAVANA is redefining hair care through its pioneering AI platform that decodes the unique characteristics of every individual’s hair.

In celebration of its 12th anniversary, MYAVANA hosted its inaugural Techturized Beauty Tech Summit on June 15th at Georgia Tech. This event marked a significant moment in the industry, drawing business leaders, beauty tech enthusiasts, and strategic partners to explore the transformative potential of technology in hair care. The summit featured cutting-edge AR experiences, interactive product demos, and discussions led by industry veterans such as Robin D. Groover, Melissa Hibbert, and Claire Sulmers. A highlight of the event was the announcement of MYAVANA’s expansion into Africa, with the opening of its first retail store in Uganda, signaling a commitment to global impact and economic empowerment.

MYAVANA’s HairAI™ technology is at the core of its innovation, utilizing microscopic hair analysis and advanced algorithms to offer personalized product recommendations. This breakthrough eliminates the trial-and-error approach in hair care, providing consumers with tailored solutions based on their unique hair profiles. With partnerships spanning Ulta, Unilever, and various beauty supply chains, MYAVANA is set to lead the market with its personalized hair care solutions, making strides toward a future where every consumer’s hair journey is as unique as their fingerprint.

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