Vietnam’s Abivin bags $1m grand prize at 2019 Startup World Cup

Transportation management system provider Abivin took home the grand prize of US$1 million in funding at the 2019 Startup World Cup, a series of global pitch contests organized by Pegasus Tech Ventures.

Trophy presentation at the Startup World Cup at The Masonic on May 17, 2019 in San Francisco, California / Photo credit: Pegasus Ventures

Abivin leverages artifical intelligence to drive its logistics optimization platform. It also digitizes and automates business operations to help companies save on cost and improve efficiency. On its way to victory, Abivin edged out 11 other startups from 10 different countries.

Canadian startup Klue, which provides a platform that aggregates competitive intelligence, won the second prize. US-based Sonavi Labs, which develops hardware and software for modern medical products, came in third.

Aside from funding, participating startups also received assistance through strategic partnerships.

Startup World Cup is a conference and competition that gathers startups, venture capital firms, and entrepreneurs from across the globe. It saw 35 regional competitions vying for presentation slots at the event’s grand finale.

Other finalists included Norway’s Tag Sensors, Mauritius’ Aeracess, Japan’s Jeplan, Australia’s Startsat60, Finland’s Finnos, South Korea’s Noul, the US’ Mira, Brazil’s Biosolvit, and Sweden’s Mimbly.