# Elenium Automation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elenium-automation-pty

- Industry: Software
- Headquarters: Essendon Fields, Australia
- Website: www.elenium.com
- Total disclosed funding: $9.9M
- Latest round: Series A (Dec 18, 2018)
- Investors on record: 1

## About

Elenium Automation Pty Ltd, based in Australia, provides innovative automated self-service solutions that enhance passenger experiences in aviation. Their offerings focus on streamlining airport operations and reducing wait times for travelers.Elenium Automation Pty Ltd specializes in automated self-service solutions for the aviation industry. Founded in 2014 in Essendon Fields, Australia, the company has executed 2 funding rounds. The most recent funding was a Series B round in October 2020, raising USD 30 mn, led by NRMA Insurance, which brought the total funds raised to USD 30 mn. The founders, Heinz Corona and Rajeev Mecheri, have extensive backgrounds in technology and automation, contributing to the company’s innovative approach. Elenium offers advanced automated self-service solutions primarily focused on enhancing the passenger experience at airports. Their core product suite includes high-speed self-service kiosks and bag drop systems designed to streamline check-in and luggage handling processes, effectively reducing passenger wait times and improving operational efficiency for airlines. These technologies enable airlines to activate services instantly at any airport, ensuring a seamless travel experience for passengers. Elenium's solutions are utilized by major airports and airlines worldwide, catering to a diverse client base that includes both domestic and international carriers aiming to enhance operational workflows and customer satisfaction. The company markets its products in various geographical regions, including North America, Europe, and Asia-Pacific, responding to the growing demand for self-service technologies in the aviation sector.Elenium generates revenue through a combination of direct sales and strategic partnerships with airlines and airports. The transaction structure is primarily B2B, where airlines purchase Elenium’s self-service kiosks and integrated technologies as part of their operational infrastructure. These products are typically offered under pricing plans that may include upfront costs for equipment paired with ongoing service and maintenance agreements. The flagship products such as VYGR kiosks and VYGR bag drops are designed to be customizable, providing airlines with the flexibility to tailor their solutions to specific operational needs. The revenue model incorporates elements of recurring income through service contracts, ensuring continued support and updates for the technology deployed at various locations.In October 2020, Elenium Automation Pty Ltd raised USD 30 mn in Series B funding, led by NRMA Insurance. The company plans to utilize this funding to finance its growth initiatives. Elenium is committed to developing new products that enhance operational efficiency in airports, although specific details on upcoming product launches have not been disclosed. Additionally, the company aims to expand its presence in new markets, particularly in North America and Asia-Pacific, by 2023, aligning with the increasing demand for automated technologies in these regions.

## Funding rounds

- Series A, Dec 18, 2018, $9.9M — Acorn Capital

## Investors

- Acorn Capital — Series A