"We don't want another quick flip": The entrepreneurs who sold a company to Cisco are raising $34 million for a new startup
Harmony, which developed an AI platform for managing internal corporate services, has raised $34 million in a seed round led by Lightspeed Venture Partners. The startup was founded by the creators of Epsagon, previously acquired by Cisco.
Harmony, which developed an AI platform for managing internal corporate services, announced on Tuesday a $34 million raise in a seed round led by Lightspeed Venture Partners. The round also included participation from Hitachi Ventures, Fin Capital, Mercer Ventures, and Operator Partners, alongside private investors including Assaf Rappaport, co-founder of Wiz, and Ophir Ehrlich, founder of Eon.
Harmony was founded in 2025 by Nitzan Shapira and Ran Ravenzft, who previously founded the company Epsagon, which was acquired by Cisco for approximately $500 million. After years of working with enterprise organizations and complex software environments, the two identified that one of the central problems in organizations is not just the multitude of systems, but the difficulty employees face in receiving simple, fast, and personalized internal service within their daily work environment.
Harmony has developed an AI platform that gives employees a single point of access to organizational systems, knowledge, and processes. Employees can address it in natural language, directly from Slack and Microsoft Teams, allowing them to receive personal responses or perform actions — from receiving technical support, clarifying organizational policy, opening a request for equipment or permissions, to advancing processes in the fields of HR, finance, procurement, and legal, without switching between different systems.
Harmony offers more than 100 pre-built AI agents that can be implemented in short timeframes, depending on the client's environment. Among the company's clients are n8n, eToro, Cyera, and KITH. The company reports that among its clients, about 48% of support requests are resolved within two weeks of implementation, more than 75% of requests are handled without human intervention within three months, and in some organizations, the adoption rate of the platform has crossed the 80% threshold of all employees. Many clients are gradually expanding the use of the platform to the fields of HR, procurement, office management, information security, DevOps, and finance.
The company employs about 50 people, 35 of whom are in Israel and 15 in New York. In a conversation with Calcalist, Ran Ravenzft, one of the company's founders, said:
"After three and a half years at Cisco, about a year ago we set out on a new path with Harmony. We learned there how a corporation works at the highest scale, but we were burning to start again. We have no goal to sell another company for hundreds of millions of dollars — we want to build a company worth billions of dollars, not a quick flip."
According to him, the company is currently in sales stages with about 60 clients in the United States and some in Europe and Israel, among them Coralogix, eToro, HoneyBook, and other local technology companies. "The next raise will be for more than $50 million and will happen soon, but we want to come to it strong with more significant sales. We want more. When we reach sales of over $10 million, we will feel that it is a strong and stable business."
