LOS ANGELES – June 15, 2018 – Omnichain Solutions (Omnichain), a supply chain technologystartup leveraging the power of Blockchain, announced today that it has beenselected as a finalist for Red Herring's Top 100 North America award, a prestigious list honoring the year’s most promisingprivate technology ventures in North America. Omnichain will present itsmarket-differentiating strategy on June 20 at 6 p.m. PT during the Red HerringNorth America Forum in Marina Del Rey, California.
Co-founded by supply chainvisionaries, Pratik Soni and Ray Young, Omnichain is a market disruptor thatleverages Blockchain technology to drive transparency and trust across thevalue chain for global consumer packaged goods (CPG) brands and retailers.Using patented intelligent planning algorithms and business rules, Omnichainhelps companies more accurately forecast at the SKU and planogram levels tomeet customer demand across all sales channels, thereby limiting excess inventory,optimizing manufacturing planning, eliminating lost sales and reducing carryingcosts.
Pratik Soni, co-founder andCEO, Omnichain, said, “We are excited to share our vision, market strategy andbusiness trajectory at the Red Herring North America Forum. While Blockchaintechnology has upended the FinTech industry, it also holds tremendous promisefor CPG brand and retailers. We recognized early on how a secure, digitizedledger of transactions connected through Blockchain could help streamlinetoday’s ever-complex supply chains, driving real-time transparency, betterforecasting and planning, and promoting growth for our clients.”
Finalists for the 2018 Top100 North America award were selected based upon their technologicalinnovation, management strength, market size, investor record, customeracquisition, and financial health. During the months leading up to theannouncement, Red Herring reviewed over 1200 companies in the telecommunications,security, cloud, software, hardware, biotech, mobile and other industries thatcompleted their submissions to qualify for the award.
"This year wasrewarding, beyond all expectations" said Alex Vieux, publisher and CEO ofRed Herring. "There are many great companies generating really innovativeand disruptive products in North America. We had a very difficult timenarrowing the pool and selecting the finalists. Omnichain shows great promiseand therefore deserves to be among the finalists. Now we’re faced with thedifficult task of selecting the Top 100 winners of Red Herring North America.We know that the 2018 crop will grow into some amazing companies that are sureto make an impact."
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