As digital transformation accelerates in the technology world, the importance of innovative investments continues to grow. At Simya VC, we are excited to take our vision one step further by investing in a startup that will shape the future of AI technologies: Eluvium.
Eluvium’s AI-Driven Revolutionary Solution
Manufacturers heavily rely on emails and spreadsheets to manage sales, operations, and procurement. These manual processes lead to inefficiencies, higher costs, and slower decision-making. Missed emails can result in delayed deliveries, further disrupting operations.
Eluvium addresses these challenges by introducing AI agents that automate sales, operations, and procurement workflows. By eliminating tedious tasks like order processing, data entry, and manual coordination, its system streamlines operations. It processes unstructured data from emails, PDFs, and spreadsheets, seamlessly integrating with existing MES, MRP, and ERP systems.
Beyond financial benefits, Eluvium is also taking a significant step in line with the Industry 4.0 vision. Digitizing production processes and automating sales and operations workflows with AI-powered agents aims to make businesses more efficient. Its solutions target reducing operational costs by 10%, lowering excess stock rates by 20%, and increasing billable revenues by 30%.
Simya VC’s Investment Vision
At Simya VC, we continue to enrich our portfolio with pioneering startups like Eluvium, staying true to our mission of investing in the technologies of the future. Our investments are not solely about financial returns but about positioning startups at the forefront of the digital world shaped by Industry 4.0.
$700,000 investment from leading investor Simya VC, joined by Heartfelt, Eluvium aims to develop robust prototypes, expand its team, and enhance its AI and machine-learning capabilities with top engineers.
One of Eluvium’s co-founders, Sean Yu, is also the founder of Paraşüt, one of Turkey’s most successful SaaS companies. Paraşüt reached over 100,000 customers and successfully exited through an acquisition by Mikrogrup and TeamSystem. CB Insights recognized the company as one of the “Top 250 Fintechs” and by Wired as one of “Europe’s Hottest 100 Startups”.
Co-founder Güven is a highly experienced CTO, having worked on AI and distributed systems at globally renowned companies such as Palantir and Bloomberg. We and the co-founders have complete confidence in the entire team’s success.
At Simya VC, we strongly believe in Eluvium’s innovative approach to digital transformation. This investment is a financial move and a step toward shaping the transformation driven by Industry 4.0. With Eluvium’s strong team and visionary leadership, we will continue working to help businesses embrace the future faster and more efficiently.
Welcome to the Simya VC Portfolio, Eluvium!
Selma Bahçıvanoğlu
Simya VC