TORONTO, ON / ACCESSWIRE / October 28, 2021 / Lumen5, a Vancouver-based startup whose video creation platform enables anyone to create engaging video content, was today awarded the Startup World Cup 2021 Canada Regional Winner at CIX Digital Summit. Startup World Cup partners exclusively with CIX annually to host its Canadian regional competition and recognizes the CIX Top 20 Early companies as the finalists.
Startup World Cup is a global conference and competition with the goal of bridging startup ecosystems worldwide. It is organized by Pegasus Tech Ventures, a Silicon Valley-based multinational VC firm. More than 60+ regional events are held across North America, South America, Europe, Africa, Asia, and Australia, leading up to the Grand Finale in Silicon Valley, where the global champion will be awarded a USD $1 million investment prize.
Startup World Cup Canada Regional judges selected Lumen5 from the 2021 CIX Top 20 Early inductee companies.
Founded in 2017 by Michael Cheng, Christopher Bowal, and Nigel Gutzmann-Lumen5 aims to become the new software standard for video content creation in the business world. Demand for video content is at an all time high, resulting in video production bottlenecks for brands and businesses around the world. With traditional methods and existing solutions, video content creation could cost thousands of dollars and weeks of turnaround time. Lumen5 introduces an innovative technology solution powered by artificial intelligence that reduces video content creation time down to under ten minutes.
"This is such an honour for us," said Michael Cheng, Co-founder of Lumen5, "our 45-person team has been working tirelessly over the years to develop video creation solutions for our one million users and we are absolutely thrilled to receive recognition of this caliber from the startup community."
Noah Leshan, Investor with Pegasus Tech Ventures and Partnerships Manager at Startup World Cup, presented the award virtually to Michael Cheng this afternoon at CIX Digital Summit.
This is the second year that the Canadian Regional Winner is a Vancouver-based company. Last year Beanworks, led by Catherine Dahl, CEO and co-founder, earned that honour.
Lumen5 is invited to represent Canada at the Startup World Cup Grand Finale in September 2022 in San Francisco and will compete alongside 60+ other startups from all over the world for an opportunity to win a US $1 million investment prize.
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CIX - Canadian Innovation Exchange
CIX is an annual curation program and conference which showcases Canada's most promising early stage and scaling startups. Now in its 14th year, CIX invited delegates are North American VCs, corporates, private equity investors and advisors. CIX is Canada's largest tech startup investment conference, taking place virtually this year October 27-28, 2021. #CIX #CIXTop @CIXCommunity. https://www.cixsummit.com
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SOURCE: CIX Canadian Innovation Exchange