CNBC has posted its annual "Upstart 100" list of the world's top and the solo sciences team is honored to announce that our company was among those featured.
This elite list features innovative companies across a multitude of industries. Winners came from 10 countries across the globe as well as 16 states plus the District of Columbia. Further, for the first time, this year a quarter of the listed startups have female founders, like our own Katie Flannery. The field was larger than in any previous year and solo sciences is humbled to be featured alongside other incredible companies.
Over 600 start-ups were considered by CNBC. To be eligible they had to be privately held, independently owned, and founded no earlier than Jan. 1, 2014. They had to have been been pre-Series B in their funding and have raised no more than $50 million as of Oct. 1, 2019. The final list features companies from a wide range of industries such as financial technology, cybersecurity, women's health, indoor farming, and many others. Applicants were judged on eight quantitative metrics including scalability, sales growth, workforce diversity, access to capital, intellectual property, and finally industry size/industry life-cycle stage.
solo sciences was recognized for our patented technology which places a digital trust mark onto consumer packaged goods to help brands and governments protect consumers from counterfeit products. Using our proprietary app, consumers can confirm the authenticity of an item and provide feedback to producers in a simple manner that closes the loop between brands and those buying their products. With fake products becoming increasingly common and posing a greater threat, our technology can give the public piece of mind. Thanks again to CNBC for bestowing this honor upon us and helping us continue to bring trust and transparency to industries in desperate need of anti-counterfeiting technologies.