Heltun Solutions

HeltunSolutions

Investment Projects

Company Overview

Heltun is Armenia-based manufacturer of smart home devices having contracts with over 72 distributors and exporting to more than 25 countries. Company is producing Smart Home devices that are easily integrated in the business applications and systems that need be managed at scale. Additionally, the company is building an AI powered Platform as a Service solution allowing B2B systems to speak the same language with all IoT devices regardless of the brand and the technology used, by providing them a unified API. The company’s major clients are Ceasar Palace Hotel in Las Vegas, Alarm.com, Bosnia & Herzegovina National Telecom Operator.

CompanyProjects

High-Tech

Heltun Smart Home Devices Manufacturing

Yerevan

The smart systems market has been growing globally for the past decade, it is projected that there will be 389M households with smart systems globally in 2025, and the total spending amounting to $175bln. The companies operating in the Smart Home market (hotels and property managers, smart home integrators, telecom operators) are predicted to account for $90bln of total market in 2027, while 40% of new single-family and construction in the US will include smart home systems as a standard by 2025. Having started manufacturing in 2020 November, Heltun has recorded an unprecedented growth within 2 years: contracts with 72 distributors covering 25 countries, 3 patents pending in the US, 5 patents in the filing process, 600K sales within 10 months. Heltun develops and produces premium quality Smart Home (IoT) devices which are well designed, have rich functionality and can be easily installed and managed by users without technical skills. Its main advantage is that Heltun enables people to easily manage smart home devices from different brands. Heltun offers a unique software solution that manages all user’s connected devices regardless of technology - creating powerful intelligent experiences and enhancing home comfort. With seed investment of $1mln., the company is looking for investments to expand its production given the high volume of contracts at hand.

Required investments

$250,000

97 250 000֏

Profitability

55%

Heltun Solutions LLC

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