Investment to Drive Innovation in Product Data Insights and Enhance Value for Retail and CPG Customers

NEW YORK, Jan. 29, 2025 /PRNewswire/ -- Harmonya, the AI-powered platform for product data enrichment, insights, and attribution serving CPG brands and retailers, today announced a strategic investment from dunnhumby ventures and its existing investors, Bright Pixel Capital and Team8. This investment reflects a shared commitment to advancing AI-driven solutions and enhancing value for the retail and consumer packaged goods ecosystem. This influx of capital will accelerate Harmonya's 2025 product roadmap, enabling new use cases and faster time-to-value for both brands and retailers.

"Key retail decision makers need to view products and their attributes from the consumer's perspective."

The investment and broader collaboration aim to accelerate Harmonya's growth and innovation while enhancing dunnhumby's suite of advanced data and AI propositions. Harmonya and dunnhumby plan to leverage their combined expertise to address critical market challenges, deliver actionable insights, and create opportunities for their customers to drive sustainable growth.

"We are honored to partner with dunnhumby. Their strategic investment represents a powerful vote of confidence in our vision and technology," said Cem Kent, Co-Founder and CEO of Harmonya. "Together, we will help the world's largest CPG and retail companies solve their toughest data challenges and achieve new levels of success."

"To thrive in today's dynamic market, key retail decision makers need to view products and their attributes from the consumer's perspective. We are thrilled to support Harmonya's brilliant team and AI-powered approach to making product information meaningful by solving this critical product attribute inconsistency problem," said Leo Nagdas, Head of dunnhumby ventures. "We look forward to collaborating on our mission to transform often inconsistent, disparate, and complex product data sets into meaningful and actionable strategic assets that deliver rapid efficiencies and value across organizations."

About Harmonya
Harmonya is redefining how CPG brands and retailers approach product data. Our AI-powered solutions for product data enrichment, insights, and attribution transform static product information into actionable intelligence, helping businesses navigate today's data-driven economy with speed and confidence.

By combining cutting-edge AI technology with a deep understanding of CPG and retail, Harmonya enables Fortune 500 companies, including six of the top 10 global CPG brands, discover trends, improve decision-making, and achieve measurable growth.

With over 20 million products, hundreds of categories, and more than $500 billion in tracked annual sales, Harmonya offers the industry's most comprehensive enriched data coverage. Our team of experts spans offices in New York and Tel Aviv, dedicated to driving innovation for iconic brands like Coca-Cola, Unilever, PepsiCo, Nestlé, and Mars Petcare. Learn more at www.harmonya.com.

About dunnhumby ventures:

dunnhumby ventures is dunnhumby's strategic venture capital and ecosystem-led innovation arm with a mandate to partner and invest in early-stage retail technology start-ups that embrace data and artificial intelligence for innovation along the customer's path to purchase. Backed by dunnhumby -the global customer data science leader- dunnhumby ventures seeks to foster industry collaboration via the Retail Innovation Network, its exclusive ecosystem of senior retail innovation leaders, and seeks to align with founders at an early stage to supercharge their ability to take innovation to market by tapping into dunnhumby's retail industry expertise, data science assets, and global retailer and supplier partner network. Its focus areas include artificial intelligence (AI), data capture and enrichment, retail media, loyalty and customer engagement, category management, supply chain, and commerce.

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Navigating the FDA’s Red Dye No. 3 Ban

The FDA’s Red Dye No. 3 ban has sent shockwaves through the CPG industry. Brands relying on outdated systems to track and manage ingredient data face an overwhelming challenge. Delays, higher costs, and compliance headaches can quickly spiral into lost market share.

But here’s the good news: brands that adopt a more innovative approach to ingredient-level insights can easily navigate this moment. With Harmonya’s Insights Platform, identifying where Red Dye No. 3 is hiding in your product portfolio—or across the entire category—takes three clicks.

No spreadsheets. No guesswork. Just fast, accurate data at your fingertips. And when compliance pressures grow, Harmonya helps you act confidently, making regulatory changes feel like just another day at the office.

In this blog, we’ll explore the ban's implications and challenges and discuss how to turn compliance into a strategic advantage.

Redefining Compliance as a Growth Opportunity

The FDA’s decision to ban Red Dye No. 3 impacts 16% of candies, gums, and mints, creating an immediate need for reformulation. But this is more than a regulatory hurdle—it's a chance for brands to align with rising consumer demand for clean-label products.

Brands face increased R&D costs, supply chain disruptions, and the challenge of maintaining taste and appearance while reformulating. Those relying on manual processes for compliance risk missing deadlines or making costly mistakes.

Forward-thinking companies are already adapting. Nestlé and Hershey’s, for example, are investing in natural colorants to meet the growing demand for healthier options. The natural food dye market is projected to grow by 8.3 from 2023 to 2030. Early adopters are poised to gain market share, while laggards risk falling behind.

“Manufacturers will now have to find suitable alternatives for red 3 that maintain the quality customers expect.”

Melissa Wright, Director of the Food Producer Technical Assistance Network at Virginia Tech

Smart Product Data Management: The Harmonya Advantage

To navigate this moment, brands need more than spreadsheets and guesswork—they need data-driven tools that make compliance effortless. Harmonya’s Insights Platform empowers CPGs to turn challenges like the Red Dye No. 3 ban into opportunities for growth. At the same time, the Attribution Management Solution consolidates product attributes—like ingredients, packaging, and labeling—into a single source of truth. This enriched, accurate catalog ensures your team has up-to-date, ingredient-level details at their fingertips.

With Harmonya, you can identify products affected by Red Dye No. 3 with just three clicks. Automated compliance validation tools help pinpoint necessary changes, from adjusting formulations to updating labels. Your team can make swift, confident updates without the inefficiency of manual checks.

Strategic Steps for Red Dye No. 3 Compliance

Here’s how your brand can stay ahead:

  1. Audit Your Portfolio: Review all products containing Red Dye No. 3 and assess the scope of reformulation.
  2. Identify Natural Alternatives: Partner with suppliers to source clean-label colorants that align with your brand’s quality standards.
  3. Develop and Test Prototypes: Leverage consumer feedback to ensure your new formulations meet expectations for taste and appearance.
  4. Use Technology for Compliance: Implement tools like Harmonya’s platform to monitor compliance, validate changes, and maintain data accuracy.

Case Study: Turning Compliance into a Competitive Advantage

A leading food & beverage company faced the challenge of reformulating its products to meet new compliance requirements without compromising taste or visual appeal. By leveraging Harmonya’s Insights Platform, the company quickly identified all affected SKUs and sourced suitable alternatives for future modular resets. The platform also flagged other ingredients with potential compliance risks, enabling the team to stay ahead of evolving regulations. The result? A smooth and efficient transition that enhanced consumer trust and streamlined operations.

Results at a Glance:

  • Identified and addressed 100% of affected SKUs within the compliance timeline, ensuring no disruptions to the supply chain.
  • Streamlined ingredient reformulation process, reducing time-to-market for updated products by 40%.

Conclusion: Transforming Challenges Into Opportunities

The FDA’s Red Dye No. 3 ban is more than a compliance challenge—it’s a chance to innovate, differentiate, and build trust. By adopting more innovative tools and strategies, brands can turn regulatory shifts into strategic advantages.

With Harmonya, compliance becomes a catalyst for growth. Our platform simplifies regulatory management, strengthens consumer trust, and equips your team to lead confidently. Ready to make compliance your competitive edge?

Learn more about Harmonya’s solutions today.

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