Eluvium, an AI-driven startup that automates sales and operational processes in manufacturing, has raised $700,000 in an investment round led by Simya VC, with participation from Germany-based Heartfelt Capital.
Accelerating Digital Transformation in Manufacturing
The investment, aligned with Simya VC’s early-stage investment strategy, will help Eluvium accelerate the digital transformation of operational processes in the manufacturing sector, develop robust AI prototypes, and expand its team by hiring AI and machine learning engineers, as well as software developers.
Eluvium develops AI-powered assistants that automate sales and operational workflows for manufacturers by:
- Automating data entry
- Processing unstructured data
- Organizing interdepartmental tasks
With this solution, Eluvium aims to:
- Reduce operational costs by 10%
- Lower excess inventory by 20%
- Increase billable revenues by 30%
Investor Confidence in AI-Driven Manufacturing Solutions
Selma Bahçıvanoğlu, Managing Partner at Simya VC, emphasized the strategic value of investing in Eluvium, stating:
“At Simya VC, we are committed to investing in groundbreaking technology ventures. We are excited to back Eluvium, a startup pioneering digital transformation in the manufacturing sector. Their AI-powered solutions significantly enhance efficiency, reduce costs, and drive revenue growth by automating sales and operational processes. This investment is not just financial—it reflects our dedication to shaping the future of Industry 4.0. We have full confidence in Eluvium’s strong team and bold, innovative approach.”
Building AI Assistants for the Future of Manufacturing
Eluvium CEO & Co-Founder Sean Yu, a founding member of Paraşüt who led a successful exit before launching Eluvium, highlighted the company’s rapid traction and future vision:
“From our beta customers, we’ve seen the immense potential of our AI assistants in simplifying sales and operations, attracting significant interest. This pre-seed investment is a crucial step in our product development journey. Our focus is on building a solid prototype and expanding our team with top-tier AI and machine learning engineers to accelerate the development of AI-powered assistants that drive digital transformation. We are proud to lead the digital transformation of manufacturers. This investment, led by Simya VC, will enable us to automate operations and drive success in Industry 4.0.”
With this funding, Eluvium is set to become a key player in AI-driven automation, delivering cutting-edge solutions that transform manufacturing sales and operational efficiency.
