<div>
  <ul>
    <li>
      <p>
        Heyday, a provider of personalized skincare recommendations, raised USD 12 million in a Series B extension funding round led by existing investor Level 5 Capital Partners.&nbsp;
      </p>
    </li>
    <li>
      <p>
        The funds will be invested in franchise expansion and support. Heyday plans to open more than 30 more franchise locations next year, bringing the total franchise locations to 135 in markets, including Denver, Boston, Austin, Texas, and Phoenix. The funds will also be used to accelerate in-house innovation with a planned launch of skincare products next year.&nbsp;
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        This round is an extension to the 
        <a href="https://sp-edge.com/updates/2965">
          USD 20 million series B
        </a>
         round raised in February last year. During that time it was planned to expand its physical footprint to &ldquo;hundreds of stores&rdquo; within the next five years.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://finance.yahoo.com/news/heyday-raises-another-12-million-110000974.html">
      Yahoo Finance
    </a>
  </p>
  <p>
    <a href="https://alleywatch.com/2022/12/heyday-facial-studios-skin-care-franchise-brand-adam-ross/">
      AlleyWatch
    </a>
  </p>
</div>


Beauty Tech

Heyday raises USD 12 million in a Series B extension round

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 <p>Estée Lauder Companies (ELC) has partnered with OpenAI to incorporate AI technology across its brands such as Estée Lauder, Clinique, La Mer, Bobbie Brown, and Aveda. This collaboration resulted in the creation of 240 customised GPTs to optimise different business functions including analysis of fragrance insights, processing of clinical trials data, and copywriting.</p>
 <p>The introduction of AI has led to a over 90% improvement in response times for the R&amp;D and marketing departments, turning tasks that usually took hours into tasks that are completed within minutes.</p>
 
</div>

Estée Lauder partners with OpenAI to deploy GPTs across beauty brand portfolio

<div>
 <p>Gpower, a manufacturer of beauty tech devices, and cosmetics firm Amorepacific are teaming up to create products capable of diagnosing skin conditions and delivering bespoke skincare at the same time.</p>
 <p>Boosting Amorepacific's beauty tech assets and enhancing customer experience by leveraging Gpower's expertise in the production of beauty devices is the principal aim of this partnership. Both companies are presently working on the arrangement of product development timelines and supply conditions. </p>
 <p>Currently, over 40 hospitals and cosmetic companies are supplied with beauty tech devices by Gpower. These devices and technologies can be found in stores such as Kiehl's, Dr. Ci:Labo, and Olive Young.</p>
 
</div>

Gpower partners with Amorepacific to develop dual-function beauty tech devices

<div>
 <p>Kokuma, a biotech company specializing in cosmetic ingredients, has recently unveiled two new active ingredients for skin pigmentation control at the Cosmetic 360 trade show in Paris. These ingredients can be easily stored as they are available in powdered form and can be kept at room temperature.</p>
 
<p>The company's first product, TONASULIKE-D, is an innovative depigmenting active ingredient that comes from traditional Chinese medicine. It is reimagined using AI technology and is capable of reducing melanin production by up to 86%. The company's second product, TONASULIKE-P, is a revolutionary melanin booster that can double the natural production of melanin in the skin without any UV exposure, offering a natural tan within 20 days.</p>
 
<p>Kokuma states that TONASULIKE-D provides a safe alternative to the current skin-lightening molecules available in the market, showing results that are dose-dependent. On the other hand, TONASULIKE-P gives a long-lasting natural tan that does not require UV exposure. Both the ingredients can be produced using two methods – through chemical synthesis or biochemical fermentation.</p>
</div>

Kokuma launches two active ingredients for skin pigmentation

ANALYST_QUICK_TAKE

<div>
 <p>Estée Lauder, a subsidiary of The Estée Lauder Companies, has initiated a partnership with Amazon to introduce its products on the US Amazon Premium Beauty store.</p>
 <p>With this collaboration, Estée Lauder's skincare, makeup, and fragrance items, such as Double Wear Stay-in-Place Makeup and Advanced Night Repair Serum, will be accessible for purchase on Amazon’s online platform for US customers. This deal also encompasses the debut of a unique virtual foundation tool on Amazon, which lets clients test various shades of Estée Lauder foundation prior to purchasing.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> The partnership follows Estée Lauder’s recent launch of its skincare and makeup brand <a href="https:<br>
//sp-edge.com/updates/28004"> Clinique </a> on the Amazon Premium Beauty store, alongside a virtual skin analysis tool. Amazon also offers similar virtual try-on experiences in partnerships with other beauty brands such as <a href="https:<br>
//sp-edge.com/updates/9048"> esalon </a> and CeraVe.</p>

Estée Lauder partners with Amazon to launch a virtual foundation tool on Amazon Premium Beauty store

<div>
<p>A facial image analysis company, Haut.AI, has earned a US patent for their facial image anonymization technology, "Skin Atlas".</p>
<p>The objective of the Skin Atlas is to maintain privacy during facial image analysis by stripping away any personally identifiable and non-skin-related data, but retaining valuable skin-related data. This system employs artificial intelligence to conduct an in-depth skin analysis and to provide custom skin care advice. The technology detects facial keypoints, distinguishes skin pixels from non-skin components, and develops realistic skin patterns to fill in any missing areas, thus producing a completely anonymized image.</p>
</div> <p><b>Analyst </b> <b>QuickTake:<br>
 </b> Skin Atlas’ patent is expected to strengthen Haut.AI’s portfolio of innovative product offerings . Haut.AI’s product offering currently includes multiple forms of GenAI; in <a href="https:<br>
//sp-edge.com/updates/28260"> May 2023 </a> , the company launched SkinGPT, a virtual skincare try-on tool that simulates skin conditions through image-to-image technology.</p>

Haut.AI patents skin atlas facial image anonymization technology

<div>
 <p>Taiwanese beauty tech startup, Perfect Corp, has joined forces with Starboard Group, a holiday retail curator, to extend their AI-based "SkInsight skin analysis" service across Starboard's worldwide fleet.</p>
 <p>The SkInsight service, incorporated as part of Starboard's "Beauty for All" campaign and retailtainment concept, employs AI and AR to analyze skin issues and provide personalized skincare advice, based on products accessible for purchasing onboard. SkInsight was first unveiled on the Carnival Jubilee cruise ship in December 2023 as an offline, customized solution. The service is set to be made available on an additional 30 ships across multiple cruise lines.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Starboard Group joins Perfect Corp’s growing list of <a href="https:<br>
//sp-edge.com/companies/404151"> customers </a> , primarily consisting of beauty brands such as L’Oreal, Lancome, Decorté, MAC Cosmetics, Neutrogena, and Estée Lauder.&nbsp;</p>

Perfect Corp partners with Starboard Group to expand AI skin analysis services across cruise fleet

<div>
 <p>eSalon, a creator of personalized at-home hair color kits, has launched a new range of tailored hair care products. The lineup includes shampoos, conditioners, leave-in conditioner sprays, and hair masks.</p>
 <p>These custom hair care products are developed based on an individual's unique hair requirements and goals, which are determined via a quiz. Customers have the freedom to choose fragrances from three options and even get to personalize the product name. eSalon's proprietary technology, including Tri-Bonding Technology, L21 Complex, and Microbiome Defense, are used in these products.&nbsp;</p>
 <p>The pricing for these products starts from USD 28 for conditioners or leave-in conditioner sprays and USD 30 for hair masks.&nbsp;</p>
</div>

eSalon launches custom hair care product line

<div>
 <p>A beauty tech startup from Taiwan, Perfect Corp, has introduced the Skincare Pro Aesthetic Simulator. This product is designed for individuals in the dermatology and beauty profession, such as dermatologists, aestheticians, and beauty professionals. It aims to simulate and provide visualizations of non-surgical facial treatments across six facial zones.</p>
 <p>The Skincare Pro Aesthetic Simulator utilizes AI image analysis and deep learning models to generate visual simulations of potential aesthetic procedures. It enables users to display an assortment of 27 different aesthetic simulations, with the ability to vary the intensity. It also allows for instant parameter adjustments based on discussions with clients.</p>
 <p>Furthermore, this product features integration with a cloud-based CRM platform for efficient client management. The CRM integration includes profile creation, facial simulation reports, and before-and-after comparisons. The Aesthetic Simulator is available for iOS devices under malleable subscription plans. </p>
 
</div>

Perfect Corp launches Skincare Pro Aesthetic Simulator

<div>
 <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>
</div>

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

<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>

All Updates

Heyday raises USD 12 million in a Series B extension round

Estée Lauder partners with OpenAI to deploy GPTs across beauty brand portfolio

Gpower partners with Amorepacific to develop dual-function beauty tech devices

Kokuma launches two active ingredients for skin pigmentation

Estée Lauder partners with Amazon to launch a virtual foundation tool on Amazon Premium Beauty store

Haut.AI patents skin atlas facial image anonymization technology

Perfect Corp partners with Starboard Group to expand AI skin analysis services across cruise fleet

eSalon launches custom hair care product line

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

Beauty Tech

Heyday raises USD 12 million in a Series B extension round

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