DYAMAND, a pioneering technology company focused on revolutionizing energy efficiency, solidifies their emergence as a trailblazer in the realm of sustainable energy solutions by successfully concluding its recent bridge investment round with BeAngels.
Under the pressure of economic and geopolitical tensions, gas prices are skyrocketing. In addition, there is growing concern about our carbon footprint and its impact on climate change. Building owners therefore wonder how they can heat their properties as (cost) efficiently and ecologically as possible. DYAMAND, a spin-off of imec and Ghent University, introduces a unique platform that offers a quick and simple answer to that question where immediate returns are central.
The first integrated solution using the DYAMAND technology has been given the name 'eSave' and focuses on the large building market. eSave solution guarantees a minimum of 25% consumption reduction that can go up to more than 50%, helping building owners to achieve CO2 targets from the first day.
The origins of eSave trace back to a partnership formed in 2018 between co-founders who shared a passion for technology and its potential to make a positive impact. However, it wasn't until 2021 that the company truly took shape, focusing on the commercialization of its innovative technology. The technology, known as DYAMAND, is a platform that seamlessly integrates various digital devices, allowing for remote control and management of connected systems. This DYAMAND technology forms the basis for the product that later would be called eSave.
In a pivotal decision, the company transitioned from being a platform provider to offering a tangible product that could directly address real-world challenges. eSave was designed to tackle energy consumption in the real estate sector. The team's expertise in integrating digital devices and controlling them remotely was used in creating a solution that significantly reduces energy consumption in large buildings. The goal was to optimize energy usage and cut costs while enhancing user comfort.
Andrei Neagu: “Gas prices are skyrocketing. At the same time, many buildings in Belgium and Europe are poorly insulated and equipped with old radiators. Think of schools and public buildings, but also offices, hotels and student residences. In fact, all those buildings should be renovated, but the cost of building materials and labour is also increasing rapidly – which means that renovation is currently not a realistic option for many owners.”
“That's why we're introducing eSave today. Our solution connects smart radiator valves (which are even compatible with old radiators) with a heating app and an AI dashboard. Thanks to eSave, the temperature in each room can be planned and optimized in real-time – and waste is avoided. eSave has been proven to reduce heating costs by up to 65% without compromising tenant comfort. And at the same time, the owners themselves are shielded from all the underlying technical complexity,” he concludes.
Fast-forward to the present, the company succeeded in their investment round with BeAngels, seeking to accelerate its presence in the market. The decision to fundraise was strategic – DYAMAND had already achieved validation through successful product launches and had demonstrated the value it brought to clients such as the Belgian police. The fundraise was aimed at securing the financial means to expand the team, particularly in the sales department, and to ramp up efforts to establish a solid market presence.