Mitra Chem Wins the 2023 Startup World Cup Silicon Valley Regional Competition

By Jordan French Jordan French has been verified by Muck Rack's editorial team
Published on August 23, 2023

Mitra Chem, a startup utilizing machine learning to accelerate the commercialization of next-generation iron-based cathode materials, recently won the Startup World Cup (SWC) Silicon Valley regional competition. A panel of independent venture capital investors judged the pitches of the finalists and ultimately awarded Mitra Chem as the winner. The company will compete with other finalists at the SWC Grand Finale on Dec. 1, 2023 in San Francisco, California. 

Innovative startups from across Silicon Valley competed at this prestigious championship. The event, part of a global network of 50+ regional competitions, is organized by Pegasus Tech Ventures, a Silicon Valley-based venture capital firm. SWC is one of the largest and richest startup competitions in the world. Pegasus Tech Ventures has over US$2 billion in assets under management and the firm offers intellectual and financial capital to emerging technology companies. Pegasus offers a unique Venture Capital-as-a-Service model for large, global corporations that wish to partner with cutting-edge technology startups.

“The judges were impressed by Mitra Chem and the other startups who competed in Silicon Valley,” said Anis Uzzaman, Founder & CEO of Pegasus Tech Ventures. “They will compete alongside other top global startups at our Grand Finale, where the winner will receive a $1 million investment prize.” 

Mitra Chem is building the first North American lithium-ion battery materials product company that shortens the lab-to-production timeline by over 90%. Lithium-ion batteries are the key platform technology enabling electrification in transportation, consumer electronics, along with residential, commercial, and grid-scale energy storage. The company’s management team is made up of world-class innovators, creators, and industry experts. 

Confirmed speakers at the Grand Finale include Barbara Corcoran of ABC’s Shark Tank, Vinod Khosla of Khosla Ventures, Tekedra Mawakana of Waymo, Christoph Schell of Intel, Sundeep Jain of Uber, and Daniel Sturman of Roblox. Tickets are going fast for the event, which is expected to attract over 2,500 startups, corporate executives, investors, and members of the press.

Past Startup World Cup Grand Finale events featured prominent figures from the high-tech community, including John Chambers (Former CEO of Cisco), Steve Wozniak (Co-Founder of Apple), Reid Hoffman (Founding CEO of LinkedIn), Vinod Khosla (Co-Founder of Sun Microsystems), Adam Cheyer (Co-Founder of Siri), Marc Randolph (Co-Founder of Netflix), and Jay Vijayan (Former CIO of Tesla). The Grand Finale judging panels have included prominent investors from Kleiner Perkins, Y Combinator, Techstars, Intel Capital, 500 Startups, GE Ventures, DFJ, Social Capital, and Index Ventures.

By Jordan French Jordan French has been verified by Muck Rack's editorial team

Journalist verified by Muck Rack verified

Jordan French is the Founder and Executive Editor of Grit Daily Group, encompassing Financial Tech Times, Smartech Daily, Transit Tomorrow, BlockTelegraph, Meditech Today, and flagship outlet, Grit Daily. The champion of live journalism, Grit Daily's team hails from ABC, CBS, CNN, Entrepreneur, Fast Company, Forbes, Fox, PopSugar, SF Chronicle, VentureBeat, Verge, Vice, and Vox. An award-winning journalist, he was on the editorial staff at and a Fast 50 and Inc. 500-ranked entrepreneur with one sale. Formerly an engineer and intellectual-property attorney, his third company, BeeHex, rose to fame for its "3D printed pizza for astronauts" and is now a military contractor. A prolific investor, he's invested in 50+ early stage startups with 10+ exits through 2023.

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