SYDNEY – Australian newcomer FreightExchange, based in Sydney, is one of 10 startups selected to pitch to top global investors Sept. 20 in Shanghai as part of Google’s Demo Day Asia.
Each year, Google sponsors events to gather promising startups from around the world to highlight innovative technology and drive investment. The Shanghai event is Google’s first on Asian soil.
The panel will consist of leaders from Google Entrepreneurs, Sequoia Capital China and Venturra Capital. The top 10 finalists were selected from a field of more than 300 applicants.
“To make the final cut in this Google-sponsored endeavor is an honor,” said FreightExchange CEO Cate Hull. “We are in the midst of expanding to Southeast Asia so being able to present in this venue is strategic for our company,” she said.
A strong showing in Shanghai will translate into company investments and up to $100,000 in Google Cloud Platform credits. Google said the event “identifies promising companies, and it works with them ahead of the Demo Day to give mentoring, coaching and help them perfect a pitch that is delivered to VCs and others from Google’s entrepreneurship network who attend the Demo Day.”
Google said startups which have pitched at other Demo Days have raised a cumulative $259 million from investors.
Other finalists for Demo Day Asia include:
- DycodeX from Indonesia, which develops Internet of Things solutions for livestock farming.
- GITAI from Japan, which specializes in building robots that can help humans conduct scientific experiments in space.
- Marham from Pakistan, a healthcare platform that helps people search, book appointments, and consult with doctors online.
- Miotech from China, a fintech startup developing artificial intelligence-based software for financial services firms.
- OneStockHome from Thailand, which offers an e-commerce platform for construction materials.
- Origami Labs from Hong Kong, which makes smart rings that allow people to hear and send text messages without taking out their phones.
- SigTuple from India, which creates AI-based solutions to automate healthcare screening.
- SkyMagic from Singapore, which produces drone swarming technology for live entertainment and traffic management systems.
- Swingvy from Korea, which provides human resources solutions for businesses.
FreightExchange’s FreightDesk platform automates the movement of goods. “With FreightDesk, you can connect orders, inventory, warehouses and carriers to move freight seamlessly. With so many moving parts, connectivity is the key,” said Hull. “We are like Uber for logistics but coordinating supply chain management is much more complicated than finding a lift for a single passenger,” she added.
Freight Exchange was a winner of the Gold Stevie Award last year in the Tech Start-up of the Year category in the 14th Annual International Business Awards held in Barcelona, Spain.