Meet the 2019 CNBC Disruptor 50 companies

In the seventh annual Disruptor 50 list, CNBC features private companies — from biotech and machine learning to transportation, retail and agriculture — whose innovations are changing the world and fueling a race between superpowers like the U.S. and China. These forward-thinking start-ups have not only identified unexploited niches in the market that have the potential to become billion-dollar businesses, a majority of them already are billion-dollar businesses. But we ranked those venture capi


In the seventh annual Disruptor 50 list, CNBC features private companies — from biotech and machine learning to transportation, retail and agriculture — whose innovations are changing the world and fueling a race between superpowers like the U.S. and China. These forward-thinking start-ups have not only identified unexploited niches in the market that have the potential to become billion-dollar businesses, a majority of them already are billion-dollar businesses. But we ranked those venture capi
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Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, billiondollar, world, businesses, 2019, market, companies, 50, list, billion, meet, venture


Meet the 2019 CNBC Disruptor 50 companies

In the seventh annual Disruptor 50 list, CNBC features private companies — from biotech and machine learning to transportation, retail and agriculture — whose innovations are changing the world and fueling a race between superpowers like the U.S. and China. These forward-thinking start-ups have not only identified unexploited niches in the market that have the potential to become billion-dollar businesses, a majority of them already are billion-dollar businesses. A startling 36 disruptors this year are unicorns that have already reached or passed the billion-dollar mark.

Unseating corporate giants is no easy feat. But we ranked those venture capital–backed companies doing the best job. In aggregate, these 50 companies have raised over $46 billion in venture capital at an implied Disruptor 50 list market valuation of more than $266 billion, according to PitchBook data. Many already are part of our daily lives, whether or not we know it. Read more about the trends that stand out in the 2019 list ranking — from the future of farming and residential real estate to the battles for control in the rapidly growing artificial intelligence and genetics industries — and the methodology used to select this year’s Disruptor companies.


Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, billiondollar, world, businesses, 2019, market, companies, 50, list, billion, meet, venture


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Palantir 2019 Disruptor 50

As the drumbeat of a potential IPO this year grows louder, Palantir keeps expanding. Read More: FULL LIST 2019 DISRUPTOR 50In its early days, Palantir did most of its work for the Pentagon and the CIA in Iraq and Afghanistan. Earlier this year, a Palantir executive revealed on French TV that the company had revenue of $1 billion in 2018. About half came from government agencies and the rest from corporate customers, a segment that is growing rapidly, thanks to a new product called Foundry. CEO A


As the drumbeat of a potential IPO this year grows louder, Palantir keeps expanding. Read More: FULL LIST 2019 DISRUPTOR 50In its early days, Palantir did most of its work for the Pentagon and the CIA in Iraq and Afghanistan. Earlier this year, a Palantir executive revealed on French TV that the company had revenue of $1 billion in 2018. About half came from government agencies and the rest from corporate customers, a segment that is growing rapidly, thanks to a new product called Foundry. CEO A
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Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, leah millis, prakash singh, afp, getty images
Keywords: news, cnbc, companies, palantir, disruptor, pentagon, software, 2019, growing, company, contract, ipo, 50, rapidly, potential, billion


Palantir 2019 Disruptor 50

As the drumbeat of a potential IPO this year grows louder, Palantir keeps expanding. In March the secretive Silicon Valley data analytics company co-founded by PayPal founder and Trump advisor Peter Thiel won an army contract worth up to $800 million. As CNBC reported, it is the first time that a venture-backed firm has been named a “defense program of record,” meaning that it basically falls into the category of the biggest, multiyear project awarded by the Pentagon. It beat out Fortune 500 company Raytheon for the contract. This comes after a smaller, yet still significant, contract with the federal government’s National Institutes of Health signed in September. The three-year contract is another sign that the government values Palantir’s offerings, and it enables the company to push further into the rapidly growing health-care and biosciences market.

Read More: FULL LIST 2019 DISRUPTOR 50

In its early days, Palantir did most of its work for the Pentagon and the CIA in Iraq and Afghanistan. Its software can take mounds of data from an organization — financial reports, cellphone records, social media postings, for example — and transform it into maps, charts and other actionable forms of intelligence. Palantir can then report back to a client any news of potential trouble, whether it be terrorism, financial fraud or even human trafficking. The government success has led to contracts with the private sector, including BP, Merck, Airbus and Fiat Chrysler’s North American factories.

Earlier this year, a Palantir executive revealed on French TV that the company had revenue of $1 billion in 2018. About half came from government agencies and the rest from corporate customers, a segment that is growing rapidly, thanks to a new product called Foundry. The service automates much of what Palantir does, allowing the company to sell ready-to-use software at higher margins. CEO Alexander Karp won’t comment on IPO rumors, but that hasn’t stopped investors from talking up its expected 2019 debut. The company has raised an astounding $2 billion and is valued at $20 billion.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, leah millis, prakash singh, afp, getty images
Keywords: news, cnbc, companies, palantir, disruptor, pentagon, software, 2019, growing, company, contract, ipo, 50, rapidly, potential, billion


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C3 2019 Disruptor 50

With so many products — everything from smart refrigerators and ovens to oil pumps — becoming connected to the internet, C3 (formerly C3 IoT) realized there was an abundance of information about how all these devices are performing. C3 began life as a software venture for the energy industry. But after the recession, when spending on software in the energy industry had all but dried up, Siebel course-corrected. Two new AI applications — antimoney laundering AML and manufacturing yield optimizati


With so many products — everything from smart refrigerators and ovens to oil pumps — becoming connected to the internet, C3 (formerly C3 IoT) realized there was an abundance of information about how all these devices are performing. C3 began life as a software venture for the energy industry. But after the recession, when spending on software in the energy industry had all but dried up, Siebel course-corrected. Two new AI applications — antimoney laundering AML and manufacturing yield optimizati
C3 2019 Disruptor 50 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, leah millis, prakash singh, afp, getty images
Keywords: news, cnbc, companies, disruptor, siebel, software, 2019, data, c3, company, aml, customers, energy, 50, industry, laundering


C3 2019 Disruptor 50

With so many products — everything from smart refrigerators and ovens to oil pumps — becoming connected to the internet, C3 (formerly C3 IoT) realized there was an abundance of information about how all these devices are performing. Its software can read all that data and tell its owners — companies in industries such as aerospace, financial services, health care, retailing and utilities, to name a few — if something is about to break down, or the most efficient ways to use sensor data in their supply chain management.

Read More: FULL LIST 2019 DISRUPTOR 50

The company was launched in 2009 by Thomas Siebel, the same man who started, and sold, Siebel Systems, the customer relationship management software firm, to Oracle in 2006 for $6 billion. C3 began life as a software venture for the energy industry. But after the recession, when spending on software in the energy industry had all but dried up, Siebel course-corrected. Two new AI applications — antimoney laundering AML and manufacturing yield optimization — are in trials with customers today. C3 says in the case of its AML offering, a large global bank has improved identification of potential money laundering by 200% while reducing false alarms by 85%.

Today the Redwood City, California-based company counts 3M, the New York Power Authority and Shell among its customers. The company has raised $228 million so far from investors, including TPG Growth and Breyer Capital.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, leah millis, prakash singh, afp, getty images
Keywords: news, cnbc, companies, disruptor, siebel, software, 2019, data, c3, company, aml, customers, energy, 50, industry, laundering


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Uptake 2019 Disruptor 50

That’s a pretty big ambition, but this Chicago-based SaaS start-up believes that AI and machine learning are the answer. Uptake takes voluminous amounts of data produced in industries like energy and transportation and uses AI to unlock all the ways a particular process or machine could potentially fail. Read More: FULL LIST 2019 DISRUPTOR 50In April the company partnered with J.D. The two companies will provide independent industry benchmark studies, data and analytics products and customized a


That’s a pretty big ambition, but this Chicago-based SaaS start-up believes that AI and machine learning are the answer. Uptake takes voluminous amounts of data produced in industries like energy and transportation and uses AI to unlock all the ways a particular process or machine could potentially fail. Read More: FULL LIST 2019 DISRUPTOR 50In April the company partnered with J.D. The two companies will provide independent industry benchmark studies, data and analytics products and customized a
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Keywords: news, cnbc, companies, uptake, disruptor, 2019, machine, data, company, energy, industries, 50, industry, companies, devices, products


Uptake 2019 Disruptor 50

Uptake’s mission: to create a world that always works. That’s a pretty big ambition, but this Chicago-based SaaS start-up believes that AI and machine learning are the answer. Uptake takes voluminous amounts of data produced in industries like energy and transportation and uses AI to unlock all the ways a particular process or machine could potentially fail. Company co-founder and CEO Brad Keywell — one of the people who started Groupon — says this helps Uptake customers, such as Berkshire Hathaway Energy, Rolls-Royce and the U.S. Army, reach new levels of productivity, reliability and safety.

Read More: FULL LIST 2019 DISRUPTOR 50

In April the company partnered with J.D. Power to develop new analytics products for the automotive industry, as well as for utilities and telecommunications companies. The alliance will enable original equipment manufacturers (OEMs) and operators in these three industries to gather insights from millions of newly connected devices, including those in manufacturing plants as well as vehicles, smart meters and network devices. The two companies will provide independent industry benchmark studies, data and analytics products and customized advisory services.

The company also signed a contract in June with the U.S. Army to improve the readiness of the Bradley Fighting Vehicle by predicting component failures and decreasing the frequency of unscheduled maintenance.

Uptake is already working on six continents and opened an office in Dubai late last year. The company has taken in $218 million in funding from investors such as Baillie Gifford, Revolution Growth and GreatPoint Partners.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, leah millis, prakash singh, afp, getty images
Keywords: news, cnbc, companies, uptake, disruptor, 2019, machine, data, company, energy, industries, 50, industry, companies, devices, products


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Skillz 2019 Disruptor 50

There are 18 million registered users on mobile gaming platform Skillz and the company says players collectively earn over $675,000 in prizes on average, every day. San Francisco-based Skillz runs about 2 million tournaments a day that feature online games such as solitaire, mahjong, and sports-related mobile titles. Read More: FULL LIST 2019 DISRUPTOR 50The entire e-sports market has exploded, with projections showing it bringing in over $1 billion in revenues by next year. Last year it launche


There are 18 million registered users on mobile gaming platform Skillz and the company says players collectively earn over $675,000 in prizes on average, every day. San Francisco-based Skillz runs about 2 million tournaments a day that feature online games such as solitaire, mahjong, and sports-related mobile titles. Read More: FULL LIST 2019 DISRUPTOR 50The entire e-sports market has exploded, with projections showing it bringing in over $1 billion in revenues by next year. Last year it launche
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Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, 2019, million, players, tournaments, prizes, 50, gaming, mobile, women, users, skillz, esports


Skillz 2019 Disruptor 50

The next time you’re tempted to complain about your teenager’s video gaming, think again. There are 18 million registered users on mobile gaming platform Skillz and the company says players collectively earn over $675,000 in prizes on average, every day. San Francisco-based Skillz runs about 2 million tournaments a day that feature online games such as solitaire, mahjong, and sports-related mobile titles. Users can compete in both informal and formal tournaments to earn cash prizes, so even amateurs can get a taste of the competitive gaming scene.

Read More: FULL LIST 2019 DISRUPTOR 50

The entire e-sports market has exploded, with projections showing it bringing in over $1 billion in revenues by next year. The mobile slice—where Skillz competes—will grow even faster over time given. Right now, mobile games account for about one-third of the gaming market’s total global revenues—a percentage that’s estimated to reach 41% by next year. Skillz is certainly keeping up with that growth. Over the past year, it’s grown its revenue run rate from $100 million to $400 million. In 2018, it awarded over $8 million to its top 10 players and doubled its number of employees.

Skillz is also taking on a larger role in the community. Last year it launched the largest mobile e-sports charity tournament, raising $100,000 for the Susan G. Komen breast cancer organization. Over half of Skillz players are women, a percentage that is consistent with the growth of women in the e-sports industry worldwide. The company has raised a little over $52 million since its 2012 launch from investors including Liberty Global Investors, Telstra Ventures, as well as the owners of the New England Patriots, New York Mets, and the Sacramento Kings.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, 2019, million, players, tournaments, prizes, 50, gaming, mobile, women, users, skillz, esports


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Xiaohongshu 2019 Disruptor 50

Here’s how a social e-commerce site knows it’s made it: Kim Kardashian has launched an account. Chinese start-up Xiaohongshu — which translates to “little red book” — has become China’s leading social e-commerce platform for overseas luxury goods, primarily fashion and beauty products. Xiaohongshu now has more than 200 million registered users and claims that number is growing by 300% each year. The company has raised a little more than $417 million so far, with $300 million from Alibaba Group l


Here’s how a social e-commerce site knows it’s made it: Kim Kardashian has launched an account. Chinese start-up Xiaohongshu — which translates to “little red book” — has become China’s leading social e-commerce platform for overseas luxury goods, primarily fashion and beauty products. Xiaohongshu now has more than 200 million registered users and claims that number is growing by 300% each year. The company has raised a little more than $417 million so far, with $300 million from Alibaba Group l
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Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, 2019, million, company, social, ecommerce, site, traveling, 50, fashion, qu, xiaohongshu, tobacco, products


Xiaohongshu 2019 Disruptor 50

Here’s how a social e-commerce site knows it’s made it: Kim Kardashian has launched an account. Chinese start-up Xiaohongshu — which translates to “little red book” — has become China’s leading social e-commerce platform for overseas luxury goods, primarily fashion and beauty products.

The shopping service is a source of advice and recommendations for its community of fashion and beauty lovers, who post pictures of their favorite products and provide information about where to buy them. The strategy has made it the world’s largest lifestyle platform that integrates community and content with e-commerce, and it has built up a following among some of China’s biggest influencers.

Read More: FULL LIST 2019 DISRUPTOR 50

In 2013 Charlwin Mao, who spent time at Bain Capital and Stanford University, and Miranda Qu conceived the company as an app for Chinese people to review merchandise they bought overseas while traveling. Mao and Qu soon realized it was being used by people in China who weren’t traveling; they were buying products with the help of friends or relatives who were living or traveling abroad. The company decided to start sourcing the merchandise for them — mostly cosmetics, nutritional items and fashion — so subscribers could buy directly.

Xiaohongshu now has more than 200 million registered users and claims that number is growing by 300% each year. Over 70% of them were born in the 1990s, with 50% born after 1995.

The company has raised a little more than $417 million so far, with $300 million from Alibaba Group last June. Such rapid growth hasn’t come without a few bumps in the road. In April the company was called out in a report from the Beijing Center for Disease Prevention and Control for violating a 2016 law prohibiting online tobacco ads by integrating smoking content into lifestyle posts. The agency cited 90,000 references to tobacco on Xiaohongshu’s site, some of which referred to specific products. The company has since deleted those posts, it says.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, 2019, million, company, social, ecommerce, site, traveling, 50, fashion, qu, xiaohongshu, tobacco, products


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InMobi 2019 Disruptor 50

InMobi, the adtech platform from India that is the country’s first unicorn, is now making it even easier for users to eye content. In August it launched Glance, bite-size content that shows up right on the lock screen of a mobile phone. Read More: FULL LIST 2019 DISRUPTOR 50InMobi co-founder and CEO Naveen Tewari calls Glance “micro-moments of consumption.” Once your phone is unlocked, that’s where inMobi really shines. If a mobile ad pops up when you’re using your favorite app, inMobi specializ


InMobi, the adtech platform from India that is the country’s first unicorn, is now making it even easier for users to eye content. In August it launched Glance, bite-size content that shows up right on the lock screen of a mobile phone. Read More: FULL LIST 2019 DISRUPTOR 50InMobi co-founder and CEO Naveen Tewari calls Glance “micro-moments of consumption.” Once your phone is unlocked, that’s where inMobi really shines. If a mobile ad pops up when you’re using your favorite app, inMobi specializ
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Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, glance, 2019, thats, million, company, screen, phone, 50, inmobi, mobile, users, india


InMobi 2019 Disruptor 50

InMobi, the adtech platform from India that is the country’s first unicorn, is now making it even easier for users to eye content. In August it launched Glance, bite-size content that shows up right on the lock screen of a mobile phone. No need to unlock the phone; just hit the button to bring the screen to life and that’s where news, videos and single-player games appear, lasting anywhere from 10 seconds to 2 minutes.

Read More: FULL LIST 2019 DISRUPTOR 50

InMobi co-founder and CEO Naveen Tewari calls Glance “micro-moments of consumption.” Glance comes pre-installed on some models of Samsung, Xiaomi, Gionee and Vivo phones, which together comprise 65% of all new smartphones sold in India. So far, the company says Glance has more than 26 million active users.

Once your phone is unlocked, that’s where inMobi really shines. If a mobile ad pops up when you’re using your favorite app, inMobi specializes in making them less intrusive and more user-friendly. It does this by taking information such as location and app interests to deliver ads that better align with a user’s interests.

The company was started in India in 2007 and today is one of the world’s largest independent mobile advertising platforms for mobile marketers. The company has partnerships with more than 30,000 apps and claims that is has reached more than 1.5 billion devices worldwide. Earlier this year, it teamed up with Microsoft and Sprint to launch TruFactor, a service that helps companies better understand the digital and physical environments of the consumer.

InMobi, which says it is profitable, has raised $320 million in funding from SoftBank Capital and Kleiner Perkins Caufield, among others, and is valued at $1 billion.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, glance, 2019, thats, million, company, screen, phone, 50, inmobi, mobile, users, india


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Textio 2019 Disruptor 50

That’s the thinking behind Textio, a Seattle-based company that uses artificial intelligence to analyze job postings as people write them out or edit them, and highlights particular words that could help or hinder the search. As the writer changes and edits the job post, Textio updates the score based on how inclusive and jargon-free the language is. The goal is to have the language be inclusive enough so that people don’t opt out of applying. Read More: FULL LIST 2019 DISRUPTOR 50The company wa


That’s the thinking behind Textio, a Seattle-based company that uses artificial intelligence to analyze job postings as people write them out or edit them, and highlights particular words that could help or hinder the search. As the writer changes and edits the job post, Textio updates the score based on how inclusive and jargon-free the language is. The goal is to have the language be inclusive enough so that people don’t opt out of applying. Read More: FULL LIST 2019 DISRUPTOR 50The company wa
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Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, started, 2019, company, inclusive, textio, hiring, tech, write, 50, companies, job, language


Textio 2019 Disruptor 50

With tech companies on the hot seat for not hiring enough women, and companies in general striving to increase diversity, there had to be a better way to write job descriptions so that a wider pool of talent would apply. That’s the thinking behind Textio, a Seattle-based company that uses artificial intelligence to analyze job postings as people write them out or edit them, and highlights particular words that could help or hinder the search. As the writer changes and edits the job post, Textio updates the score based on how inclusive and jargon-free the language is. The goal is to have the language be inclusive enough so that people don’t opt out of applying.

Read More: FULL LIST 2019 DISRUPTOR 50

The company was started in 2014 by husband-and-wife team Jensen Harris (CTO) and Kieran Snyder (CEO), who met when they both worked at Microsoft. Initially, the company looked at language in Kickstarter campaigns to determine which ones would get funding based solely on how the pitches were written. They turned their attention to hiring when more and more tech companies started releasing reports on their diversity efforts.

Today the company has more than 100 employees. It raised nearly $30 million from investors such as Bloomberg Beta, Scale Venture Partners and Emergence Capital. Its customers include Cisco, IBM, Twitter, McDonald’s, Dropbox and CVS.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, started, 2019, company, inclusive, textio, hiring, tech, write, 50, companies, job, language


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Indigo Ag 2019 Disruptor 50

This Boston-based agricultural technology start-up is creating seed treatments that optimize the health of a plant in order to increase its yield. The aim is to use natural microbiology and tech to improve sustainability, profits for growers and, of course, consumer health. Currently, the company’s seed treatments are used for five major row crops — corn, wheat, soybeans, rice and cotton. Read More: FULL LIST: 2019 DISRUPTOR 50In September, Indigo Ag introduced the Indigo Marketplace, a digital


This Boston-based agricultural technology start-up is creating seed treatments that optimize the health of a plant in order to increase its yield. The aim is to use natural microbiology and tech to improve sustainability, profits for growers and, of course, consumer health. Currently, the company’s seed treatments are used for five major row crops — corn, wheat, soybeans, rice and cotton. Read More: FULL LIST: 2019 DISRUPTOR 50In September, Indigo Ag introduced the Indigo Marketplace, a digital
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Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, used, seed, 2019, buyers, yield, indigo, 50, growers, transportation, wheat, ag, treatments, health


Indigo Ag 2019 Disruptor 50

This Boston-based agricultural technology start-up is creating seed treatments that optimize the health of a plant in order to increase its yield. The aim is to use natural microbiology and tech to improve sustainability, profits for growers and, of course, consumer health. Currently, the company’s seed treatments are used for five major row crops — corn, wheat, soybeans, rice and cotton.

Read More: FULL LIST: 2019 DISRUPTOR 50

In September, Indigo Ag introduced the Indigo Marketplace, a digital platform that allows growers and buyers to electronically connect with each other. Buyers are able to more easily source the kinds of grain they want, and growers can make more money by having access to a larger market. Indigo handles the grain-quality testing, transportation and payments between growers and buyers.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, used, seed, 2019, buyers, yield, indigo, 50, growers, transportation, wheat, ag, treatments, health


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Phononic 2019 Disruptor 50

Phononic is a semiconductor manufacturer that has developed new solid-state cooling and refrigeration technology that displaces compressors, heat sinks and fans — ancient, energy-inefficient technology that’s been around for more than 100 years. Phononic replaced the compressor with solid-state technology and nontoxic refrigerants to give medical facilities smarter, more precise refrigeration with 40% more storage space. Read More: FULL LIST 2019 DISRUPTOR 50Last year that technology really took


Phononic is a semiconductor manufacturer that has developed new solid-state cooling and refrigeration technology that displaces compressors, heat sinks and fans — ancient, energy-inefficient technology that’s been around for more than 100 years. Phononic replaced the compressor with solid-state technology and nontoxic refrigerants to give medical facilities smarter, more precise refrigeration with 40% more storage space. Read More: FULL LIST 2019 DISRUPTOR 50Last year that technology really took
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Keywords: news, cnbc, companies, disruptor, pepsi, refrigerators, 2019, bottling, company, solidstate, 50, sales, refrigeration, stores, technology, phononic


Phononic 2019 Disruptor 50

Phononic is a semiconductor manufacturer that has developed new solid-state cooling and refrigeration technology that displaces compressors, heat sinks and fans — ancient, energy-inefficient technology that’s been around for more than 100 years. The Durham, N.C.-based company, launched in 2009, started by selling medical refrigerators used in labs and hospitals. Phononic replaced the compressor with solid-state technology and nontoxic refrigerants to give medical facilities smarter, more precise refrigeration with 40% more storage space.

Read More: FULL LIST 2019 DISRUPTOR 50

Last year that technology really took off when the company partnered with Thermo Fisher Scientific as the exclusive supplier for its life sciences and health-care solid-state refrigeration and freezer products. Phononic founder and CEO, Tony Atti, the former director of boutique private-equity firm MHI Energy Partners, claims his company’s units are nearly silent and use about 25% less energy than a traditional refrigerator.

That’s attractive to food and beverage companies like Pepsi Bottling, one of Pepsi’s biggest distributors. Last year the bottling company installed Phononic refrigerators at the end of aisles and near registers in some North Carolina supermarkets and convenience stores and compared sales at stores where the beverages were in large refrigerators near the back of the store. The Phononic refrigerators had better sales, and now Pepsi Bottling is using them throughout the country.

So far Phononic, with 140 employees, has raised close to $160 million from Oak Investment Partners, Venrock Associates and Tsing Capital, among others. Eventually, the company wants to get into commercial and residential cooling so that it can alleviate some of the load on local power grids. It’s testing that in Singapore right now in partnership with Temasek-EcoSperity.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, pepsi, refrigerators, 2019, bottling, company, solidstate, 50, sales, refrigeration, stores, technology, phononic


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