CW Pakistan
  • Legacy
    • Legacy Editorial
    • Editor’s Note
  • Academy
  • Wired
  • Cellcos
  • PayTech
  • Business
  • Ignite
  • Digital Pakistan
  • DFDI
  • PSEB
  • PASHA
  • TechAdvisor
  • GamePro
  • Partnerships
  • PCWorld
  • Macworld
  • Infoworld
  • TechHive
  • TechAdvisor
0
0
0
0
0
Subscribe
CW Pakistan
CW Pakistan CW Pakistan
  • Legacy
    • Legacy Editorial
    • Editor’s Note
  • Academy
  • Wired
  • Cellcos
  • PayTech
  • Business
  • Ignite
  • Digital Pakistan
  • DFDI
  • PSEB
  • PASHA
  • TechAdvisor
  • GamePro
  • Partnerships
  • DEMO PAKISTAN
  • Ignite

DEMO Startup Snippets: Throughput Amongst Top 10 Global Startups @ Silicon Valley

  • March 7, 2017
Total
0
Shares
0
0
0
Share
Tweet
Share
Share
Share
Share

LAHORE (PR): Throughput, Inc. (Formerly known as RigBasket) founded by Pakistani entrepreneur, Khizer Hayat, with operations in Pakistan, US and UAE, was recently selected as one of the Top 10 Global Startups at the Startup Grind Global Conference held at the Fox Redwood Theater in Silicon Valley from the 20th to the 22nd of February 2017. The selection process involved over 6,000 startups from 80 different countries and 200 different cities.

Startup Grind Startup Exhibition companies are an elite group of companies whose founders range from 16 year-old founders who gained 20,000 paying customers in 2 months to a professional basketball player, to a Medical Director at Yale, to a Resident Neurosurgeon at Duke University Hospital.

According to Derek Anderson, the founder of Startup Grind: “We started this program after seeing many of the Accelerators and Incubators not doing much to really help companies. We really wanted to make an actual difference in the startups trajectory and leverage all of our resources and network to their advantage.”

“Of the 6,000 plus startups that were considered, 100 were selected representing the Startup Grind community across 80 countries. These startups have great teams, traction, technology and massive markets,” says Andersen. “Our biggest goal is for each startup to go back home with a new and improved game plan that would not have happened without the exposure of the exhibition and the mentors/resources that were gained through our network.”

Throughput was initially selected amongst the Top 100 companies and then shortlisted as one of the Top 50 on the 16th of February 2017. During the conference they went through multiple advisory and training sessions, and were then picked as one of the Top 10 startups who were selected to pitch at Startup Court for a chance to automatically enter the 500 Startups Accelerator in California.

Unfortunately, Throughput could not win the competition losing out to a healthcare company called MUrgency. However, theydid end up getting extremely favorable feedback from investors and are considering shifting their US headquarters to Silicon Valley based on the success of the conference.

The company was launched by Khizer and his partner Ali in Houston, TX when they saw a large talent gap in the global supply chain industry. Khizer and Ali met while students at the University of Pennsylvania and both ended up working at an upstream oilfield services company called Schlumberger.

Having backgrounds in Economics, Robotics, Chemical Process Engineering, Operations and Manufacturing, their team created an Artificial Intelligence based virtual supply chain advisor that augments supply chain professionals in highlighting and eliminating waste from their operations. Their product has received significant traction in the US market and they’re now looking to introduce it into the Middle East and Pakistan markets. Hailing from Pakistan, Khizer sees a lot of opportunity for the introduction of Artificial Financial Intelligence in Pakistani businesses and believes that it could push Pakistan to the forefront of technology.

Share
Tweet
Share
Share
Share
Related Topics
  • Pakistani startup
  • Startup Grind
  • Top10
Previous Article
  • News

DHA Suffa Hosts Innovation Competition SPECTRUM 2017

  • March 7, 2017
Read More
Next Article
  • Computerworld
  • News

IWD 2017: PPAF Organizes Amtul Raqeeb Awards for Female Community Members

  • March 7, 2017
Read More
You May Also Like
Read More
  • Ignite

Alliance Tech Summit 2025 to Spotlight Pakistan’s Position in Global Tech and FDI

  • Press Desk
  • June 21, 2025
Read More
  • Ignite

Viper Technology Backs Pakistani Student for International AI Olympiad in China

  • Press Desk
  • June 19, 2025
Read More
  • Ignite

Young Entrepreneur Fest 2025 by Enablers Group Set to Boost Startups in Lahore

  • Press Desk
  • June 19, 2025
Read More
  • Ignite

DigitalOcean Karachi Event to Explore the Future of Agencies

  • Press Desk
  • June 16, 2025
Read More
  • Ignite

NICAT Startup Builds Pakistan’s First Impact-Proof Drone for Hazardous Inspections

  • Press Desk
  • June 14, 2025
Read More
  • Ignite

Rubi Converts CO₂ into Cellulose Fibres for Fashion with Enzyme Technology

  • Press Desk
  • June 13, 2025
Read More
  • Ignite

K-Electric Concludes EPIC 2025 with Vision to Transform Pakistan’s Energy Landscape

  • Press Desk
  • June 13, 2025
Read More
  • Ignite

UX Pakistan 2025 at LUMS Highlights Design’s Role in Social Innovation

  • Press Desk
  • June 12, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Posts
  • Pakistan Showcases IT Investment Opportunities at Concluding US Tech Conference 2025
    • June 21, 2025
  • KPITB Launches Automated Fine Collection System for Greater Transparency Across KP
    • June 21, 2025
  • Alliance Tech Summit 2025 to Spotlight Pakistan’s Position in Global Tech and FDI
    • June 21, 2025
  • E-Commerce Associations Urge Government to Rethink Tax Measures in Finance Bill 2025-26
    • June 21, 2025
  • Sindh Digitizes Hospital and Clinic Licensing via SHCC and SBOSS Collaboration
    • June 20, 2025
about
CWPK Legacy
Launched in 1967 internationally, ComputerWorld is the oldest tech magazine/media property in the world. In Pakistan, ComputerWorld was launched in 1995. Initially providing news to IT executives only, once CIO Pakistan, its sister brand from the same family, was launched and took over the enterprise reporting domain in Pakistan, CWPK has emerged as a holistic technology media platform reporting everything tech in the country. It remains the oldest continuous IT publishing brand in the country and in 2025 is set to turn 30 years old, which will be its biggest benchmark and a legacy it hopes to continue for years to come. CWPK is part of the SPIN/IDG Wakhan media umbrella.
Read more
Explore Computerworld Sites Globally
  • computerworld.es
  • computerworld.com.pt
  • computerworld.com
  • cw.no
  • computerworldmexico.com.mx
  • computerwoche.de
  • computersweden.idg.se
  • computerworld.hu
Content from other IDG brands
  • PCWorld
  • Macworld
  • Infoworld
  • TechHive
  • TechAdvisor
CW Pakistan CW Pakistan
  • CWPK
  • CXO
  • DEMO
  • WALLET

CW Media & all its sub-brands are copyrighted to SPIN-IDG Wakhan Media Inc., the publishing arm of NCC-RP Group. This site is designed by Crunch Collective. ©️1995-2025. Read Privacy Policy.

Input your search keywords and press Enter.