Easton, Maryland Startup Ferretly Secures Funding Award to Accelerate Growth

Ferretly, a software startup that uses AI to perform social media screening, has been awarded a $25,000 grant from the Perdue School of Business

Easton, May 26, 2020 (Issuewire.com) - Ferretly, a software startup based in Easton, MD, has been awarded a $25,000 grant from the Perdue School of Business Philip E. & Carol R. Ratcliffe Foundation Shore Hatchery for second-place finish among 50 companies which originally applied.  The 1 minute, Shark Tank style pitch to a panel of Judges was highly competitive and awards were based on the concept, clarity, feasibility, and potential value of the opportunity.

Ferretly is a powerfully simple web platform that allows organizations of any size to easily perform social media background screening on candidates and employees.  It incorporates artificial intelligence to analyze both text and images of a subject's public social media posts.  The process is extremely intuitive and is typically performed in under 30 minutes - providing insight into behaviors such as toxic language, threats of violence, self-harm and insults and bullying.  Founder and CEO Darrin Lipscomb was motivated to create the innovative software in 2018 given the staggering number of incidents of workplace violence and assaults happening to US companies every year and its correlation to an increase in social media use.  According to OSHA, In 2017 alone, there were over 2 million victims of workplace violence. 

"We are delighted by the early positive feedback we've garnered from our initial customers," explains Darrin Lipscomb, CEO of Ferretly.  "Our focus is on continuing to innovate and improve our offering and educating the market on the value that we provide, so this funding will allow us to accelerate both R&D as well as top-line growth."

Based in Easton, Ferretly launched their subscription service in June of 2019 and quickly gained traction in several markets including College athletic recruiting, professional sports teams, volunteer organizations and many other industries that place a high value on their company culture and brand. 

Beyond the acclaim this Shore Hatchery award represents in terms of Ferretly technology innovation, another crucial success element is Ferretly's dedication to remote job creation on Maryland's Eastern Shore.  From its inception, Ferretly's CEO's vision has embraced both new employment opportunities, and the trust in a remote workforce.  While Ferretly maintains a Corporate office in Easton, its staff is largely composed of a remote workforce, thereby leveraging the numerous college campuses and talent across both the Eastern Shore as well as the United States as a whole.

About Ferretly International, LLC
Ferretly International, LLC provides forward-thinking technologies that help organizations better manage risk.  By incorporating machine learning and modern cloud-based architecture, we are at the cutting edge of applying big data solutions and artificial intelligence to improve overall security and risk intelligence for the customers we serve.

About Shore Hatchery
The Perdue School of Business Philip E. & Carol R. Ratcliffe Foundation Shore Hatchery is a bi-annual Mid-Atlantic business competition. The Shore Hatchery is open to any Mid-Atlantic business startups. It is a five-year $1 million initiative, which began in 2013 and recently renewed for a second $1 million
5-year term. The program assists entrepreneurs in creating new jobs in the region. The goal of the Shore Hatchery is to reward individuals for their entrepreneurial efforts in the creation and growth of businesses with the potential of positively impacting regional employment within three years. Businesses are required to report back to the Shore Hatchery board annually on their progress.

For more information regarding Ferretly, please contact us at info@ferretly.com, visit www.ferretly.com or call (833)-FERRETLY.

Media Contact

Ferretly International



16 N. Washington Street, Suite 102, Easton, MD 21601


Source :Ferretly International, LLC

This article was originally published by IssueWire. Read the original article here.

Latest News

Riot police storm Hong Kong malls to nip more protests

Jul 15, 2020

HONG KONG — Riot police stormed several malls in Hong Kong on Sunday in a move to thwart more pro-democracy protests, as the city's leader heads to Beijing for talks on deepening economic integration between the semi-autonomous Chinese territory and mainland China. There were calls online urging protesters to gather in seven locations to sustain a push for political reform following a chaotic day of protests and clashes with police on Saturday, with the anti-government movement showing no signs of letting up after nearly five months. Most of the rallies didn't pan out Sunday as scores of riot police took...

China says US has 'weaponized' visas to target exchanges

Jul 15, 2020

BEIJING — China on Wednesday accused the U.S. of having "weaponized" the issuance of visas following the reported inability of a top Chinese space program official to obtain permission to travel to a key conference in Washington. Foreign Ministry spokeswoman Hua Chunying told reporters that the head of the Chinese delegation to the International Astronautical Congress wasn't able to obtain a visa following an Oct. 12 interview, making it difficult for Chinese representatives to attend important events at the meeting. Reports said the vice chairman of the China National Space Administration, Wu Yanhua, had planned to attend the congress. Hua...

Hong Kong police say homemade bomb targeted officers

Jul 15, 2020

HONG KONG — A homemade, remote-controlled bomb intended to "kill or to harm" riot control officers was detonated as they deployed against renewed violence in Hong Kong over the weekend, police said Monday, in a further escalation of destructive street battles gripping the business hub. The "loud thud" Sunday night close to riot officers who had been clearing away a protester-built road block marked the first known use of an explosive device during protests that started in June over a contested extradition bill and have snowballed into an anti-government, anti-police and anti-China movement. "It exploded less than 2 meters (yards)...

Asian stocks gain after US, China announce truce on tariffs

Jul 15, 2020

BEIJING — Asian stock markets have risen after Washington and Beijing announced a truce on tariff hikes in a trade war. Benchmarks in Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. President Donald Trump agreed Friday to put off planned tariff hikes this week on Chinese goods in a fight over Beijing's trade surplus and technology plans. In exchange, he said China would buy American farm goods. But the two sides reported no progress on basic disputes that sparked the 15-month-old fight that threatens global economic growth. Friday's truce "has simply temporarily halted the escalation...

China criticizes Apple for app that tracks Hong Kong police

Jul 15, 2020

HONG KONG — Apple became the latest company targeted for Chinese pressure over protests in Hong Kong after the ruling Communist Party's main newspaper criticized the tech giant Wednesday for a smartphone app that allows activists to report police movements. HKmap.live, designed by an outside supplier and available on Apple Inc.'s online store, "facilitates illegal behavior," the People's Daily said in a commentary. "Is Apple guiding Hong Kong thugs?" the newspaper said. Beijing has pressed companies including Hong Kong's Cathay Pacific Airways to take the government's side against the protests, which are in their fourth month. Apple didn't immediately respond...

Financial Markets

Sign up now!