{"id":95,"date":"2024-10-31T20:28:00","date_gmt":"2024-10-31T20:28:00","guid":{"rendered":"https:\/\/www.salesforce.com\/?post_type=sf_press_release&#038;p=95"},"modified":"2025-09-24T13:04:23","modified_gmt":"2025-09-24T05:04:23","slug":"salesforce-introduces-ai-pitchfield-competition-for-startups-in-southeast-asia-and-india-with-100000-investment-for-winner","status":"publish","type":"sf_press_release","link":"https:\/\/www.salesforce.com\/ap\/news\/press-releases\/2024\/10\/31\/salesforce-introduces-ai-pitchfield-competition-for-startups-in-southeast-asia-and-india-with-100000-investment-for-winner\/","title":{"rendered":"Salesforce Introduces AI Pitchfield Competition for Startups in Southeast Asia and India, with $100,000 Investment for Winner"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><em>Shortlisted startups will have an opportunity to pitch to Salesforce Ventures, Lightspeed Venture Partners and other notable VCs, with additional VC speed-dating sessions for all applicants<\/em><\/p>\n\n\n\n<p><strong>SINGAPORE, <\/strong><strong>31 October 2024<\/strong><strong> \u2013 <\/strong>Salesforce today announced the inaugural edition of AI Pitchfield, a pitch competition inviting AI-driven startups across Southeast Asia and India to compete for a US$100,000 investment from Salesforce Ventures. This initiative, led by the Salesforce Startup Community, provides AI-focused entrepreneurs a unique opportunity to showcase their innovations to top-tier investors, including Lightspeed Venture Partners, in a high-stakes, dynamic competition\u200b\u200b.<\/p>\n\n\n\n<p>Participating startups can expect the following&nbsp; from AI Pitchfield:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Funding:<\/strong> The top startup will receive a $100,000 Simple Agreement for Future Equity (SAFE) investment from Salesforce Ventures, positioning them for accelerated growth and market impact<\/li>\n\n\n\n<li><strong>Opportunity to pitch to leading investors:<\/strong> Shortlisted startups will pitch live to a panel that includes top investors from Lightspeed Venture Partners and other renowned firms, gaining direct exposure to AI and venture capital experts<\/li>\n\n\n\n<li><strong>VC speed-dating for all applicants:<\/strong> Each participating startup is eligible for a dedicated speed-dating session with venture capitalists, which expands networking opportunities and opens doors for future investment conversations<\/li>\n<\/ul>\n\n\n\n<p>Applications are now open and will close on 15 November 2024. Following the application period, all submissions will undergo a rigorous review and due diligence process, with the top 5 finalists to be announced on December 9, 2024.<\/p>\n\n\n\n<p>Finalists will present their business plans to an investor panel, including representatives from Salesforce Ventures and Lightspeed Venture Partners, during a \u201clive\u201d event on 9 January.&nbsp;<\/p>\n\n\n\n<p>To participate in AI Pitchfield, startups must meet the following criteria:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Offer a B2B SaaS, AI-first, or AI-enabled product or service in the technology sector.<\/li>\n\n\n\n<li>Be in the pre-seed, seed, or Series A fundraising stage.<\/li>\n\n\n\n<li>Have received at least US$500,000 in prior venture funding from a reputable venture capital firm.<\/li>\n\n\n\n<li>Have a minimum of five paying customers.<\/li>\n\n\n\n<li>Be incorporated as a corporation based in India or Singapore.<\/li>\n\n\n\n<li>Completed Salesforce\u2019s standard due diligence and background checks\u200b\u200b.<\/li>\n<\/ul>\n\n\n\n<p>Interested startups can apply by submitting a pitch deck, product demo video, and financial information on the <a href=\"http:\/\/sfdc.co\/ai-pitchfield\">AI Pitchfield website<\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shortlisted startups will have an opportunity to pitch to Salesforce Ventures, Lightspeed Venture Partners and other notable VCs, with additional VC speed-dating sessions for all applicants SINGAPORE, 31 October 2024 \u2013 Salesforce today announced the inaugural edition of AI Pitchfield, a pitch competition inviting AI-driven startups across Southeast Asia and India to compete for a [&hellip;]<\/p>\n","protected":false},"author":467,"featured_media":366,"template":"","meta":{"sf_subhead":"","sf_i18n_disclaimer":false,"alternateThumbnailId":0,"sf_product_cta_id":0,"footnotes":""},"sf_content_type":[56,57],"sf_theme":[68],"sf_topic":[12,50],"sf_product":[],"sf_industry":[],"sf_role":[],"sf_multimedia_asset":[],"sf_location":[3],"sf_collection":[],"sf_visibility":[],"coauthors":[311],"class_list":["post-95","sf_press_release","type-sf_press_release","status-publish","has-post-thumbnail","hentry","sf_content_type-press-releases","sf_content_type-press-releases-corporate","sf_theme-artificial-intelligence","sf_topic-artificial-intelligence","sf_topic-ventures","sf_location-singapore"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Salesforce Introduces AI Pitchfield Competition for Startups in Southeast Asia and India, with $100,000 Investment 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