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Founders who sold their startup to Cisco raise $34 million to kill IT tickets. Read their new AI startup's pitch deck.

Founders who sold their startup to Cisco raise $34 million to kill IT tickets. Read their new AI startup's pitch deck.

Harmony raised a $34 million round led by Lightspeed. Its founders previously sold their cloud software startup Epsagon to Cisco.

Harmony cofounders Ran Ribenzaft and Nitzan Shapira, sitting on a leather couch in front of maroon shelves.
Harmony cofounders Ran Ribenzaft and Nitzan Shapira.
  • Harmony raised a $34 million seed round led by Lightspeed to automate workplace requests.
  • Its cofounders sold their last startup to Cisco for $500 million.
  • The platform handles tasks like onboarding, software access, and password resets.

Two founders who sold their first startup to Cisco for $500 million have raised $34 million in seed funding for their next act.

Last year, CEO Nitzan Shapira and CTO Ran Ribenzaft launched their new startup Harmony, which uses AI to field workplace requests. Rather than simply answering employees' questions, Harmony operates inside Slack and Microsoft Teams to handle tasks like onboarding, software access, and resetting passwords.

They aim to help workers avoid digging through internal systems or waiting to talk to tech support or human resources, the company said.

Harmony works with more than 100 applications and can use an employee's role and permissions to tailor responses. Companies can also require human approval before AI takes action.

Customers include workflow automation company n8n, investing app eToro, security startup Cyera, and fashion retailer Kith.

Lightspeed led Harmony's $34 million round. The venture capital firm also backed Shapira and Ribenzaft's first startup, cloud software monitoring company Epsagon, which Cisco acquired in 2021. Shapira said this time, he wants to build a much bigger company rather than pursue another early acquisition.

Hitachi Ventures, Fin Capital, Mercer Ventures, and Operator Partners also participated in Harmony's seed round.

This funding round is larger than most seed rounds. Shapira told Business Insider that it isn't uncommon for second-time founders, and it gives Harmony enough funding to scale quickly without needing to return to investors so soon.

The startup will use the funds to grow its engineering, product, and sales teams. Harmony has 60 employees, with roughly two-thirds in Israel and the rest in New York.

Here's a look at the pitch deck that Harmony used to raise its $34 million seed. The deck has been redacted so that it can be shared publicly.

Enterprise service management that runs itself
Every employee gets an always-on expert for anything they need at work
Successful Founders sold previous venture for $500M
Two sides of a broken experience - Employees Wait. Teams Drown
We offer employees a state of the art AI experience
Employees enjoy delightful interactions with support
We drive support team productivity and let them focus on more meaningful work
Customers start with IT...
For example - IT teams use state-of-the-art asset management
...Then expand to all other employee-facing support functions
We're a horizontal solution across a vast addressable market
We offer 100+ agents "out of the box" and integrations with all the common back-end systems
We only started selling a few months ago, and win across industries
Our customer are Production-Ready in 48 Hours
Loved by users. Secure by design.
Read the original article on Business Insider