U
UL Solutions
Applied safety science for product testing and certification.
About UL Solutions
If you’ve ever looked at the back of an appliance and seen a small, circular "UL" logo, you've seen the mark of a company that has been quietly shaping our world for over a century. UL Solutions is a global leader in applied safety science, the company that tests, inspects, and certifies everything from consumer electronics to new mobility solutions to ensure they are safe, secure, and sustainable. It’s a mission born from one of the most exciting, and dangerous, moments in modern history. The story starts in 1893 at the Chicago World's Fair. The event was a dazzling showcase of electricity, but with it came a massive fire risk. An MIT-trained engineer named William Henry Merrill, Jr. was sent by fire underwriters to investigate. What he discovered was a chaotic landscape of unproven electrical components. Merrill saw the urgent need for a scientific, standardized approach to safety. A year later, in 1894, he founded the Underwriters' Electrical Bureau, the entity that would evolve into UL Solutions. The organization officially incorporated as Underwriters Laboratories in 1901. It introduced its first standard for tin-clad fire doors in 1903 and began its label service in 1906, placing the now-iconic UL Mark on products that passed its rigorous tests. For decades, UL operated as a nonprofit, expanding from fire and electrical safety into new fields like cybersecurity, autonomous vehicles, and sustainable energy. A major turning point came in 2022 when the parent organization restructured, creating UL Solutions as a distinct, for-profit business alongside two nonprofit entities. This set the stage for its Initial Public Offering in April 2024, when UL Solutions began trading on the New York Stock Exchange under the ticker "ULS." Today, UL Solutions continues its mission of "working for a safer world," helping companies navigate complex global supply chains and innovate with confidence, from advancing 5G to enabling a new era of AI-powered products.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 1894
- Headquarters
- Northbrook, United States
- Listing
- IPO 2024
- Employees
- 13,635
- Open positions
- None listed
- Dealroom signal
- 28.3/100
- Industry
- Security, Energy
- Sub-industry
- Clean Energy, Oil & Gas
- Sector
- Cybersecurity, Testing, Horizon Europe
- Business model
- Manufacturing, Marketplace & ecommerce, SaaS
- Client focus
- b2b
- Investment activity
- 7 companies, latest Jul 2024
- Capital deployed
- $4.2M
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| POST IPO DEBT✓Debt | Oct 2025 | $1B | — | Bank of America | ↗ |
| SECONDARY✓Other financing | Sep 2024 | $0 | — | Undisclosed | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for UL Solutions is 1.1M monthly website visits, down 21.4% over the last three months. UL Solutions's team grew 0% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
TesTneTOberding, GermanyHigh-pressure testing and engineering services for hydrogen and CNG projects, from concept to certification
→
BatterieIngenieureAachen, GermanyBattery testing, simulation, and lifecycle diagnostic services
→
CEREGetafe, Spain
→
Healthy Buildings InternationalReading, United Kingdom
→
Kugler Maag CieKornwestheim, Germany
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KB
KBWNew York City, United States
→
OpenDataSoftParis, FranceData publishing and reuse
$100Mvaluation
Massive BioIstanbul, TürkiyeAI powered oncology platform that connects patients to clinical trials while enabling pharma to get access to patients
$66Mvaluation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later2 investors entered at this stage
Gallant Capital Partners
Bank of America
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about UL Solutions on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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