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January 4, 2024

Lumian Secures $3.2 Million in Strategic Pre-Seed Investment

Turkish AI-driven SaaS startup, has orchestrated a financial coup securing a stellar pre-seed investment of $3.2 million

In the dynamic realm of AI-driven energy management, Lumian, a Turkish SaaS startup, has emerged as a formidable player, securing a noteworthy pre-seed investment of $3.2 million in its inaugural funding round. This significant backing comes from DOMiNO Ventures and İsmail Ferhat Özlü, reflecting confidence in Lumian's potential to reshape the landscape of energy efficiency.

Lumian, founded in April 2023 by visionaries Batu Balkır and Emre Birol, swiftly set its sights on global impact, relocating its headquarters to the US. Operating in Turkey and Germany, Lumian now gears up to elevate its market presence in both regions, leveraging the freshly acquired funds. The strategic focus extends beyond geographical boundaries, aiming to propel Lumian's AI-driven energy optimization solutions into new horizons.

At the core of Lumian's offerings lies a transformative blend of an IoT-based SaaS platform and cutting-edge AI technology. Dedicated to enhancing energy efficiency and cost reduction for businesses, Lumian's software stands out for its swift deployment – a mere five minutes is all it takes. The platform delivers end-to-end energy management services, encompassing real-time monitoring, invoice analysis, tariff recommendations, incentive/regulation notifications, and robust reporting.

Unlike traditional energy solutions, Lumian's software eliminates the need for substantial hardware investments, making it an attractive choice for businesses seeking comprehensive yet efficient energy management. With IoT capabilities facilitating device-specific tracking, Lumian's clientele includes industry leaders such as Pakmaya, Tebplast-Rosti, Polmar, Balorman, Gençler Kablo, and Başoğlu Kablo.

Co-founder Batu Balkır emphasized the pivotal role of this pre-seed investment in Lumian's growth trajectory, stating, "Our energy efficiency solutions are versatile, suitable for a wide range of applications from industrial facilities to commercial organizations and poised to significantly contribute to sustainability."

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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