Lumian Secures $3.2 Million Investment for AI-Powered SaaS Venture. 🧠💰
Lumian, a Turkish AI-based SaaS startup, has successfully raised a pre-seed investment of $3.2 million with a valuation of the same amount.
Founded in April 2023 by Batu Balkır and Emre Birol, Lumian quickly relocated its headquarters to the United States. The company specializes in enhancing companies' energy efficiency and reducing costs through AI analyses.
Lumian's offerings include an IoT-based SaaS platform and custom AI technology, providing in-depth insights into energy supply, invoice analysis, and energy efficiency for businesses.
Serving companies like Pakmaya, Tebplast-Rosti, Polmar, Balorman, Gençler Kablo, Başoğlu Kablo, Lumian claims to deliver over fourfold returns on investment to its users in a short span.
The startup analyzes companies' energy consumption patterns, offering the most suitable tariff options and integrating with industrial devices and Automatic Meter Reading Systems (OSOS).
Lumian's software, requiring no hardware investment costs, can be deployed in less than 5 minutes. It offers end-to-end energy management services, including real-time monitoring, invoice analysis, tariff recommendations, incentive/regulation notifications, and reporting.
The software, equipped with IoT capabilities, allows device-specific tracking on a job order basis in case of hardware investments.
Lumian, currently providing services in Turkey and Germany, aims to expand its sales volume in both the Turkish and global markets with the newly secured investment.
The company's software caters to businesses seeking a comprehensive and efficient energy management solution without the need for substantial hardware investments.
This investment positions Lumian to further innovate and expand its footprint in the rapidly evolving landscape of AI-driven energy management solutions.
