smartPulse

SmartPulse Technology, Inc. is a Turkey-based company specializing in B2B SaaS solutions for short-term power trading and process automation, aimed at enhancing operational efficiency in the energy sector. Founded in 2018 and headquartered in Istanbul, Turkey, SmartPulse Technology, Inc. focuses on innovative solutions for the energy market.

The company, led by CEO Önder Akar and founded by Ozan Korkmaz, has completed a total of 2 deals, with its latest funding round being a Series A raising USD 1. 00 mn on May 19, 2023, from investor TK Holdings. The company has not undergone any significant pivots in its business strategy. SmartPulse offers a comprehensive cloud-native B2B SaaS platform designed for short-term power trading and process automation.

The smartPulse Market Data Platform (MDP) integrates time series data from various sources, enabling efficient formula creation, dashboard building, and data analysis tailored for energy market traders. The platform supports multi-market trading operations across Europe, providing essential tools for generation and trading companies to manage price hedging and operational risks. SmartPulse also offers additional tools like intraday automation (smartBot), monitoring solutions, and forecast gateways to enhance trading flexibility and efficiency, primarily serving clients in the energy sector. SmartPulse generates revenue through a subscription-based model for its SaaS offerings, allowing clients to access tools that optimize real-time trading operations.

Transactions often involve long-term partnerships with energy firms that subscribe to the platform, utilizing advanced algorithms for automated trading and analytics. Clients may also form tailored service agreements, ensuring alignment with their trading strategies. The Market Data Platform is central to these transactions, facilitating various activities in the energy market with pricing plans designed to accommodate different scales of operation. In May 2023, SmartPulse raised a funding round from Toshiba Energy Systems & Solutions, focused on expanding within the renewable energy industry.

The company is strategizing to launch new products and enter additional markets, although specific upcoming products and geographical targets for expansion have not been detailed. The recent funding will be utilized to support these initiatives, further driving growth in the energy sector.