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      <p>
        Function of Beauty, a developer of customized hair, skin, and body care products, partnered with Canadian retailer Shoppers Drug mart to launch its personalized hair care products in Canada.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Function of Beauty will offer 18 different products designed for different hair types, such as straight, wavy, and curly, along with ten hair shot boosters that will allow customers to create different formulas at home.&nbsp;&nbsp;
      </p>
    </li>
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      <p>
        The products will be available in 1,000+ Shoppers Drug Mart locations as well as online.&nbsp;
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         D2C beauty brands are now seen moving towards physical sales channels to expand their market presence. The company was shipping its products directly to Canada however, with this, customers will now be able to physically experience the product before buying. Previously the company 
        <a href="https://sp-edge.com/updates/2950">
          launched its products at Target stores
        </a>
         in the US to provide a better experience to its customers.
      </p>
    </li>
  </ul>
  <p>
  </p>
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<div>
  <p>
    <a href="https://www.newswire.ca/news-releases/function-of-beauty-arrives-in-canada-exclusively-at-shoppers-drug-mart-841102353.html">
      Press release
    </a>
  </p>
</div>


Beauty Tech

Function of Beauty partners with Shoppers Drug Mart to expand operations in Canada

PROMINENT_CATEGORY

<div>
 <p>Taiwanese beauty tech startup, Perfect Corp, has launched the Skincare Pro Aesthetic Simulator. This is a tool aimed at dermatologists, aestheticians, and beauty professionals, designed to simulate and visualize non-surgical facial procedures across six facial zones.</p>
 <p>The Aesthetic Simulator employs AI image analysis and deep learning models to provide visual simulations of potential non-surgical facial treatments. It allows users to showcase 27 different simulations with varying intensities and offers real-time parameter adjustments based on client consultations.</p>
 <p>The tool also integrates with a cloud-based CRM platform for efficient client management. Among the CRM features are profile creation, facial simulation reports, and before-and-after comparisons. The Aesthetic Simulator is available under flexible subscription plans for iOS devices.&nbsp;</p>
 
</div>

Perfect Corp launches Skincare Pro Aesthetic Simulator

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 <p>Myavana, a company specializing in personalized hair product recommendations for textured hair types, has raised $5.9 million in seed funding. The funding round was spearheaded by Ulta Beauty's Digital Innovation Fund, bringing Myavana's total funding to $6.2 million.</p>
 <p>The capital raised will be used to further develop Myavana's HairAI technology. This technology, featuring microscopic hair analysis and advanced algorithms, delivers personalized product suggestions based on an individual's hair texture, type, and overall condition.</p>
 <p>The company's unique technology has analyzed over two billion hair strands and has established the world's largest database of textured hair care data. Businesses in the beauty sector leverage Myavana’s solutions to aid their research and development work, create products and ingredients, provide in-salon hair and scalp analysis for personalized hair care, and offer web-based personalized hair product recommendations.</p>
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Myavana raises USD 5.9 million in seed funding to advance AI-powered hair analysis technology

INCUMBENTS_PRESENT

<div>
 <p>Beauty brand Pond's, a subsidiary of Unilever, has launched a Microbiome Analyzer tool. This device examines the combination of microorganisms on a person's skin, often referred to as the skin microbiome. </p>
 <p>This innovative technology is used to create a personalized microbiome report for customers. It assists in determining their distinct skin profiles. In addition, it generates custom day and night skincare recommendations that correspond directly to each customer's specific skin microbiome makeup. </p>
</div>

POND's skin institute unveils microbiome analyzer tool

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<p>South Korean company Amorepacific has created a beauty lab powered by artificial intelligence (AI) and robotics. This facility develops personalized cosmetic products, such as foundation and lip items, to match individual customer skin tones. This innovative system uses deep learning and machine learning techniques to analyze the customer's skin tone and, based on this, generate a personalized skin report.</p>
<p>Customized product recommendations are then provided for a customer to choose from a selection of 205 foundation shades and 366 lip product shades. The recommended product is then mixed and dispensed in-store using robot technology.</p>
<p><b>Analyst Quick Take: </b>AmorePacific's tech-driven beauty lab adds further to their diverse range of personalized beauty technologies. In 2023, the company released an AI-based <a href="https://chaileedo.com/amore-pacific-launches-ai-skin-diagnostic-system/">skin diagnostic tool</a> and a lip product applicator that customizes lip care products and makeup solutions by scanning customers' lips. Other offerings by the company include a web-based <a href="https://www.perfectcorp.com/business/news/detail/1843">virtual try-on tool</a> for cosmetic range and personalized <a href="https://www.businesskorea.co.kr/news/articleView.html?idxno=40406">3D-printed face mask packs.</a></p>
</div>

AmorePacific launches an AI- and robotics-powered beauty lab for custom foundation and lip products

<div>
 <p>Unilever has unveiled AI-enhanced tools for its beauty brands to give customers personalized product suggestions.</p>
 <p>These tools comprise of: 1) Beauty Hub PRO, a tool empowered by computer vision technology that provides skin and hair care advise from a selfie; 2) a virtual “Scalp + Hair Therapist” under Dove’s haircare segment; and 3) “Skin Institute,” a skin analysis tool powered by AI under Pond's.</p>
</div>

Unilever unveils AI tools to offer personalized customer experience

<div>
 <p>Function of Beauty has partnered with Amazon to allow consumers to purchase its hair care products through Amazon's online platform. This collaboration includes Function of Beauty's Target line of products and a variety of bundles and kits for different hair types. By doing so, it enables customers to conveniently order personalized hair care routines from their preferred devices.</p>
 <p>In the past, Function of Beauty expanded its product availability by launching hair styling products at <a href="https://sp-edge.com/sectors/health-and-wellness/updates/2950"> Target </a> in 2023 and the Pro line at Sephora in August 2022. These products are also available for purchase on the company's official website.</p>  
</div>

Function of Beauty partners with Amazon to expand distribution

<div>
 
 <p>L'Oréal is preparing to unveil its latest advancement in beauty technology at the Viva Technology show in Paris. The company's new innovations involve a realistic platform that resembles human skin for scientific research and product testing purposes, as well as an AI-powered lab called Creaitech that is designed to boost creativity.</p>
 <p>The innovative Skin Technology from L'Oréal can replicate various specific conditions of human skin, including eczema and acne. It also possesses the capacity to tan and to recover from damage. Both aimed at advancing scientific research and enhancing product testing protocols, this technology also holds a commitment towards eradicating animal cruelty.</p>
 <p>In contrast, Creaitech is an advanced in-house lab that has been designed with the goal of revolutionizing content production processes. Its capabilities enable the company to hasten the development of localized, brand-specific content across its extensive portfolio of 37 beauty brands.</p>
 
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L’Oréal to announces new beauty tech innovations at Viva Technology Paris

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 <p>Estée Lauder Companies (ELC), a leading cosmetics and skincare brand, has broadened its global strategic partnership with technology giant Microsoft. The expanded partnership will see the establishment of an AI innovation lab, utilising Microsoft’s Azure OpenAI Service's GenAI capabilities. The goal of this collaboration is to apply artificial intelligence (AI) across multiple aspects of ELC's operations, allowing for quicker responses to market trends and consumer demands.</p>
 <p>In this joint endeavour, Microsoft and ELC have developed a GenAI tool. This tool will allow brands to roll-out locally relevant campaigns. It leverages advanced conversational AI and uses ELC’s comprehensive product and claim data database.</p>
 <p>Besides marketing, the AI innovation lab will focus on research and development applications of GenAI tools. Its use in this department can lead to quicker responses to new product and ingredient trends, a boon in the rapid-paced cosmetics industry.</p>
</div>

Estée Lauder Companies and Microsoft expand partnership to launch AI innovation lab

<div>
 <p>Prose, a custom haircare product developer, has unveiled an AI-based beauty tech customization platform named Singular. There are four main features of this platform. First, Singular ID which understands and merges a user's beauty goals to form a comprehensive beauty profile. Second, Singular AI Labs, which turn customer data into personalized routines and formulas that get refined based on customer feedback for personalized formulas. Third, Singular Commerce, which harnesses API based architecture for managing both front- and back-end commerce operations. Lastly, Singular Lines, which produces customized, made-to-order products that are shipped from Prose's automated customization center.</p>
 
</div>

Prose launches 'Singular,' an AI-driven beauty tech customization platform

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 <p>Kiki World is a beauty-focused startup that utilizes blockchain technology to integrate customer feedback into its product development process. The company recently garnered a total of USD 7 million in seed funding, assisted by prominent organizations like Andreessen Horowitz's crypto fund and The Estée Lauder Companies' New Incubation Ventures. </p>
 <p>With this newly acquired funding, Kiki World aims to expand its innovative technology to more brands and possibly into different sectors beyond the beauty industry.</p>
 <p>The startup operates on the Ethereum Blockchain, providing an avenue for their customers to vote on preferred features for forthcoming beauty products. Participating voters are incentivized with points that can be redeemed for complimentary products and the company's digital tokens. So far, Kiki World has successfully launched five products, all of which were co-created with their customers.&nbsp;</p>
 
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All Updates

Function of Beauty partners with Shoppers Drug Mart to expand operations in Canada

Perfect Corp launches Skincare Pro Aesthetic Simulator

Myavana raises USD 5.9 million in seed funding to advance AI-powered hair analysis technology

POND's skin institute unveils microbiome analyzer tool

AmorePacific launches an AI- and robotics-powered beauty lab for custom foundation and lip products

Unilever unveils AI tools to offer personalized customer experience

Function of Beauty partners with Amazon to expand distribution

L’Oréal to announces new beauty tech innovations at Viva Technology Paris

Estée Lauder Companies and Microsoft expand partnership to launch AI innovation lab

Prose launches 'Singular,' an AI-driven beauty tech customization platform

Kiki World raises USD 7 million in seed funding to enhance technology applications

Beauty Tech

Function of Beauty partners with Shoppers Drug Mart to expand operations in Canada

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