What Happened To Proven Skincare After Shark Tank?

What Is Proven Skincare?

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

The company is the first to combine customization, big data, and artificial intelligence in the beauty sector.

PROVEN Skincare app collects data through a simple three-minute quiz.

Proven Skincare Shark Tank Update

Proven Skincare AI 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 Zhao appeared on Shark Tank requesting an investment of $500,000 for a 5% stake in Proven Skincare. 

Zhao exited the Shark Tank stage without any Shark Tank deal since none of the Sharks appreciated the Proven Skincare and thought to invest in it.

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 quickly offer superior outcomes.

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, who suffers from skin problems. 

Amy Yuan didn’t know this at the time.

Virtuix Omni Shark Tank Update

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, 8 million consumer reviews, and 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 skin care 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 microbes’ stability, efficacy, and safety.

Wondercide Shark Tank Update

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

Proven Skincare proved to be a successful skincare brand even though it didn’t get any deal from the Sharks.

The Shark Tank effect provided Proven Skincare with a great sales boost, and they were selling more products than before appearing on Shark Tank.

Moreover, the revenue of Proven Skincare increased 60 times in April 2020 as a result of the Shark Tank effect.

Proven Skincare Shark Tank Update

Following her appearance on the show “Shark Tank,” Ming Zhao went on to launch a highly profitable skin care firm.

Proven Skincare income and earnings have been growing at a rapid pace, and in 2019, they made more than $3 million and currently have a revenue run-rate of $24 million, less than two years after the company was launched.

You can purchase the Proven Skincare products from their online store, but before you do so, you will be required to take their questionnaire to determine which formulation is best suited for your skin type.

Even though the team behind Proven Skincare did not walk away from their appearance on the Shark Tank show with a deal, there is no denying that they have been very successful.

Proven Skincare’s success was that they never gave up and never slacked off in their labor.

Romp N Roll Shark Tank Update

Is Proven Skincare Still In Business?

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

What Is the Net Worth Of Proven Skincare?

The valuation of Proven Skincare was $10 million when it appeared on Shark Tank. The net worth of Proven Skincare is $20 million as of 2022.

You May Also Like
Besomebody Shark Tank Update
Read More

BeSomebody Shark Tank Update

What Is BeSomebody? Besomebody is a smartphone app that allows you to book live experiences with tutors or…
Mission Belt Shark Tank Update
Read More

Mission Belt Shark Tank Update

The Mission Belt with No Holes will appear in the Shark Tank with the explicit goal of “feeding…
Chef in Black Shark Tank Update
Read More

Chef in Black Shark Tank Update

In 2010, Chef in Black was featured on Shark Tank and introduced to the world. Since then, Chef…
Lifter Hamper Shark Tank Update
Read More

Lifter Hamper Shark Tank Update

A former Pittsburgh Steelers player named Marvin Phillip came up with the idea for the Lifter Hamper after…
Bambooee Shark Tank Update
Read More

Bambooee Shark Tank Update

What Is Bambooee? Bambooee is the world’s first 100% washable and reusable paper towel. It is possible to…