Proven Skincare Shark Tank Update

Ming Zhao’s individualized skincare line known as Proven Skincare is up for grabs on Shark Tank episode 1114.

Personalized skincare products are based on the science and data derived from client needs.

You can find a customized skincare regimen on the company’s website by taking a short quiz based on your unique genetics, environment, and lifestyle data.

The analysis is possible because Amy Yuan, Zhao’s business partner, has assisted. Yuan has atopic dermatitis and is a Stanford graduate with a Ph.D. in computational physics.

The Skin Genome Project emerged in response to her efforts, including testing over 20,00,238 skincare chemicals, 100,000 products, 8 million user testimonials, and more than 4,000 scientific journal articles.

They are asked to provide information on various things such as diet, location (city or town), age, and skin type.

The website crunches the numbers to generate formulas for a cleanser, day and night cream, eye, and lip balm.

Every consumer has a unique formula that cannot be found on a shelf. You pay a total of $185 for all three ingredients, and the formula is mixed up and shipped to you. It is made with all American ingredients.

According to public records, the company has received “undisclosed” investments from 13 venture capitalists. Zhao is on the hunt for a Shark.

What Is Proven Skincare?

Proven Skincare is an AI skincare line that uses Artificial Intelligence to make personalized skincare products.

The company is the first to combine customization, big data, and artificial intelligence in the beauty sector. PROVEN collects data through a simple three-minute quiz.

Proven Skincare Shark Tank Update

It creates a user’s profile by considering over 45 factors, including geographical location, lifestyle, skincare objectives, and genetics.

Company NameProven Skincare
EntrepreneurMing Zhao
ProductAI-Based Skincare Products
Investment Asking For$500,000 for 5% equity in Proven Skincare
Final DealNo Deal
SharkNo Shark
Episode Season 11 Episode 21
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Proven Skincare?

Dr. Amy Yuan, a Stanford University computing physicist and data scientist, and Ming S. Zhao are the two founders of Proven Skincare.

Ming Zhao, CEO of the company, graduated from the startup incubator Y Combinator. Zhao arrived in the United States at 12 and graduated from Harvard University with an MBA in finance.

She worked for Bain Capital before launching her own company, PROVEN, with another co-founder. 

She continues to run the company. They have a daily sunscreen, a night cream, and a cleanser available from this company.

Proven Skincare Before Shark Tank

Zhao came up with the idea for the company after realizing that her hectic work schedule was causing her skin to break out.

Since everybody kept telling her her skin was “tough,” she searched for new creams to try.

It was tedious, time-consuming, and expensive for everyone involved in skincare product research.

Amy put her scientific knowledge to great use in creating a skincare line that is effective, holistic, and evidence-based.

They collaborated to create The Skin Genome Project, the world’s largest database that uses Artificial Intelligence to provide individualized skincare recommendations based on the interpretation of more than 4000 skin-related scientific publications and 20 million user testimonials.

Zhao and Amy worked with Tyler Hollming, the director of dermatologic surgery at the University of Texas, to develop their skin-care knowledge.

How Was The Shark Tank Pitch Of Proven Skincare?

Ming comes to Shark Tank demanding an investment of $500,000 for a 5% stake in Proven Skincare. 

She describes the process of making her skincare products, giving each Shark a specialized product made just for them.

When filming took place, the company was expected to generate $65,000 in sales a month.

Proven Skincare was estimated to make about $3 million in revenue in 2013. The company also sold its technology for $3.5 million to a baby skincare firm.

She spent $90,000 on Facebook advertising the previous two months, which resulted in $110,000 in sales.

Kevin began to wonder how the costs of marketing could be justified in such a competitive industry.

The other Sharks agree and claim that other companies like this one. The Sharks are all eliminated.

Final Deal: No deal between Sharks and Proven Skincare.

What Happened To Proven Skincare After Shark Tank?

PROVEN Skincare is at the forefront of artificial intelligence’s transformation of the beauty industry.

The term “artificial intelligence” refers to a computer’s ability to analyze a large amount of data, draw rational conclusions, and respond quickly to pertinent input.

Netflix makes movie recommendations based on information about each of us.

It’s Alexa, the world’s brightest personal assistant, who answers our queries, provides weather and traffic updates, schedules our appointments, reads to us, and shops for us.

PROVEN Skincare uses AI to create goods tailored to each individual’s specific needs and offer superior outcomes more quickly.

Ming Zhao, a prominent private equity investor with a Harvard MBA, had problematic skin.

She tried every new product, but they were all expensive duds.

The Skin Genome Project was developed by Amy Yuan, Ph.D., at Stanford University, suffering from skin problems. 

Amy Yuan didn’t know this at the time.

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Amy and Ming met and co-founded PROVEN Skincare, with Ming serving as CEO and Amy serving as CTO.

The Skin Genome Project has been at the forefront of skincare research since its inception in 2005.

The platform offers over 4,000 scientific journals, 20,000 components, 100,000 unique skincare products, and 8 million consumer reviews, as well as fraud-detection algorithms that eliminate the likelihood of bogus reviews.

It was the 2018 recipient of MIT’s Artificial Intelligence Award. Amy and Ming then teamed up with top dermatologists to determine which formulae would be most effective for women and men.

The Skin Genome Quiz, which takes a few minutes to complete, identifies 47 factors about the user, including their ancestry, lifestyle, and even the water hardness, humidity, and UV index in their ZIP code.

An algorithm uses these data to determine which substances are best for skincare and amounts in milliseconds.

In addition, you will also receive three multifunctional skincare products that are made specifically for cleansing, protecting, and reviving your skin.

Advanced compound formulas are tested extensively for stability, efficacy, and safety for microbes.

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PROVEN Skincare selects ingredients from reliable vendors and manufactures your customized products in an FDA-accredited facility in the United States.

They do not test our products on animals, and they do not contain phthalates, parabens, formaldehyde, or SLS (an irritant for the skin, eyes, and mouth).

PROVEN Skincare was featured in the gift bags of Oscar winners for 2018 and named one of Allure magazine’s top beauty innovations for 2019.

Proven Skincare Shark Tank Update

This storyline boosted sales even though she didn’t get the deal. They made more than $3 million for the year, and the new year is off to a promising start.

The company’s revenues in April 2020 were up by more than 60% over the previous month, thanks in part to increased brand recognition and lower advertising expenses.

Proven Skincare Shark Tank Update

Ming estimates that repeat clients account for a third of her company, and she believes that number is rising.

Going Public, a new streaming series on Entrepreneur.com will feature the company in its first episode in March 2021.

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It focuses on businesses and their fundraising activities. Rather than Sharks, entrepreneurs have mentors to help them along the path to success.

It will be possible for viewers to invest in the companies featured on the show instead of Sharks.

Is Proven Skincare Still In Business?

Proven Skincare is still in business as of 2022, although they didn’t get investments from Sharks.

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