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Vietnam’s Abivin bags $1mn top prize at Startup World Cup

Saturday, May 18, 2019, 21:08 GMT+7
Vietnam’s Abivin bags $1mn top prize at Startup World Cup
Abivin receives the award at the finale in San Francisco, May 17, 2019. Photo: Facebook / Abivin

A Vietnamese company that provides intelligent logistics software for enterprises won the US$1,000,000 grand prize in investment after beating other finalists at the Startup World Cup 2019 Grand Finale in the U.S. on Saturday (Vietnam time).

Vietnam’s Abivin, which develops Abivin vRoute, an all-in-one dynamic route optimization and transportation management system, was named champion after the final competition that saw ten startups pitching on the stage in San Francisco.

Among the other finalists were Startsat60 of Australia, Finland’s Finnos, Noul from South Korea, and Mira from the U.S. Silicon Valley.

“We are the Winner of the Startup World Cup Grand Finale 2019. Together, we can do it!,” Abivin broke the news on their Facebook on Saturday morning.

Abivin, headquartered in Hanoi with a Singapore office and a branch in Ho Chi Minh City, boasts a team consisting of the world’s top algorithmic engineers, alumni of top universities around the world and global tech companies, with a portfolio that includes Procter & Gamble and FrieslandCampina.

Taking strength in big data analytic, AI, IoT, smart algorithms and optimization, Abivin’s main product is Abivin vRoute, an AI-powered logistics optimization platform with proprietary route optimization algorithm, helping current customers 30 percent logistics costs, increase productivity, digitize end-to-end delivery process, and improve management efficiency.

Abivin receives the award at the finale in San Francisco,  May 17, 2019. Photo:  Facebook / Abivin
Abivin receives the award at the finale in San Francisco, May 17, 2019. Photo: Facebook / Abivin

Startup World Cup is a global event where startups from around the world came to San Francisco to battle for the $1 million grand prize in investment.

Startup World Cup had been partnering with some of world’s largest conferences and tech events to host more than 40 regional startup competitions across six continents to select candidates for the grand finale in the States.

The goal of Startup World Cup, powered by Pegasus Tech Ventures - a Silicon Valley-based global venture capital firm - is to create innovation and entrepreneurship opportunities for startup ecosystems all over the world.

Entrepreneurs from many different countries will be able to use the Startup World Cup platform to build great companies and improve the possibilities for themselves, according to its website.

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