- Harmonyze, founded in 2023, has raised a $2 million pre-seed round led by Bowery Capital to develop AI agents for franchisors.
- Harmonyze’s AI agents can perform over 200 tasks, such as verifying vendor payments and monitoring insurance renewals, to help franchisors manage unstructured data.
Brooklyn-based startup Harmonyze has secured a $2 million pre-seed round led by Bowery Capital. Founded in 2023 by Gary Liskovich and Jonny Greenspan, Harmonyze aims to revolutionize the franchise industry by leveraging AI to help franchisors manage unstructured data more efficiently.
According to the company, this funding will enable Harmonyze to further develop its custom AI agents, which are designed to streamline administrative tasks and ensure compliance across franchise networks.
Harmonyze's AI agents operate within a private cloud database, positioned between franchisors and franchisees. These agents can perform over 200 tasks, such as verifying vendor payments and monitoring insurance renewals. By automating these processes, franchisors can save time and reduce the complexity associated with managing a franchise, a heavily regulated industry.
Liskovich, Harmonyze's CEO, highlighted the significance of unstructured data in franchising, stating,
"We started looking at the franchising space — it’s an incredible amount of unstructured data, which we really think AI can unlock and translate into something that is usable."
The startup is currently working with a select group of customers to refine its product, despite high demand.
"It is not just large but growing at an insane rate. That opportunity is a growing opportunity," Liskovich added.
The company is targeting franchisors with extensive networks of franchisees, though it plans to eventually expand to smaller operators. With the franchise market growing rapidly, Harmonyze sees a significant opportunity to make an impact.
Edited by Harshajit Sarmah
