In Season 5 of Shark Tank, one of the pitches that caught our attention was from a company called ILumi. They had a product called the ILumi Smart Bulb, which is an LED light bulb that you can control with your smartphone. The bulb is supposed to save you money on your electricity bills, and the Sharks were interested in it. In this review, we’ll take a closer look at the ILumi Smart Bulb and see if it’s really worth buying.
What Is iLumi Solutions?
iLumi Solutions, Inc. is a Dallas-based startup that was founded by Corey Egan and Swapnil Bora. A Kickstarter campaign raised $145,230 for the company, far exceeding their goal of $25K.
The company’s goal is to create “the world’s most connected lighting experience.” Their first product is the ILumi Smart Bulb, an LED light bulb that can be controlled with your smartphone. The bulb has a number of features, including the ability to change colors, dimming, and scheduling. You can also control multiple bulbs at once with the iLumi app.
The ILumi Smart Bulb is available for purchase on the iLumi website. A single bulb costs $39, and an LED Smartstrip 2-Meter Starter Kit costs $89.99. There are also a number of other options available, including a Starter Kit with an A19 LED Bulb.
The ILumi Smart Bulb is a great option for those looking to save money on their electricity bills. The bulb has a lifespan of 20 years and uses 80% less electricity than traditional light bulbs.
To use the ILumi Smart Bulb, you’ll need to download the iLumi app from the App Store or Google Play. Once you’ve installed the app, you’ll need to create an account and connect your bulbs to the app. Once your bulbs are connected, you’ll be able to control them with your smartphone.
The app is also available for Apple Watch and Android Wear, so you can control your bulbs even when you’re away from your phone.
Is The Company Still Active?
Yes, the company is still active and appears to be doing well. In January of 2017, they announced that they had raised $11 million in Series A funding.
The company is continuing to work on new products and improvements to its existing product line. They also released several new products, including the ILumi A19 LED Bulb and an Outdoor Flood LED Smart bulb. The Outdoor Flood LED Smart bulb is specifically designed for use in outdoor lighting fixtures.
The company appears to be doing well and is continuing to release new products. Their products are available for purchase on their website and through a number of retailers.
How Did The Shark Tank Pitch Go?
The company was featured on Shark Tank in Season Five, Episode Seven. Corey and Swapnil’s goal was to receive $350,000 for a 15% stake in their company. The Sharks were impressed with the product and the company’s growth. But they were a bit hesitant about how a $90 bulb could compete with Philips and other big names in the lighting industry.
Eventually, Robert Herjavec made an offer of $350,000 for a 35% stake in the company. The entrepreneurs requested to hear other offers, but Mark Cuban declined.
Kevin is willing to pay $350,000 if the patent is cleared. However, he would rather lease it and get a 15% royalty instead. Robert pulls out after Kevin and Mark start disputing over the patent worth of their inventions
The boys aren’t too keen on Kevin’s business concept and decide to go with Mark’s offer instead. They inquire if he is prepared to accept a 20 percent cut, but Mark maintains his position and refuses.
The entrepreneurs ended up going with Mark Cuban’s offer of $350,000 for a 25% stake in the company.
Our Review Of iLumi
We’ve been using the ILumi Smart Bulb for a few weeks now, and we’re impressed with it. The bulb is very easy to set up and use, and we love being able to control it with our smartphones. The bulb has a lot of features, including the ability to change colors, dim, and schedule. We also like being able to control multiple bulbs at once with the iLumi app.
One of the best things about the ILumi Smart Bulb is that it’s an LED light bulb. LED light bulbs are more energy-efficient than traditional incandescent bulbs, so they’ll save you money on your electricity bills. We also like the fact that the bulb is dimmable. You can set the bulb to any brightness level, which is great for saving even more energy.
The only downside to the ILumi Smart Bulb is that it’s a bit expensive. A single bulb costs $39, and an LED Smartstrip Starter Kit costs $89.99. However, if you’re looking for an easy way to save money on your electricity bills, we think the ILumi Smart Bulb is worth the investment.
Overall, we think that the ILumi Smart Bulb is a great option for those looking to save money on their electricity bills. The bulb has a number of features that make it a great choice for anyone looking to reduce their energy consumption. If you’re looking for a smart bulb, the ILumi is a great option.
Pros
- Easy to set up and use
- Can be controlled with a smartphone
- Lots of features, including the ability to change colors, dim, and schedule
- 80% more energy-efficient than conventional bulbs
Cons
- A tad expensive
- Requires Bluetooth connectivity
Top Selling iLumi Products
iLumi Bluetooth Smart LED A19 Light Bulb
The iLumi Bluetooth Smart LED A19 Light Bulb is a high-quality, energy-efficient light bulb that can be controlled using a smartphone or tablet. The bulb uses Bluetooth 4.0 technology to connect to your device and offers a wide range of features, including the ability to dim the light, set timers, and change the color of the light. The iLumi is also compatible with Amazon’s Echo and Google Home, allowing you to control the light using voice commands. The bulb has a lifespan of 20 YEARS, making it an excellent choice for both home and office use.
iLumi Bluetooth Smart LED BR30 Flood Light Bulb
The iLumi LED BR30 Flood Light Bulb is a Bluetooth-enabled, energy-efficient LED lightbulb that can be controlled via smartphone. The iLumi is dimmable and has a color temperature range of 2700K-6500K, making it ideal for a variety of lighting applications. The iLumi also features an integrated light sensor that automatically adjusts the light output based on the ambient light level in the room, further maximizing energy efficiency.
Are There Any Alternatives To iLumi?
If you’re looking for an alternative to the iLumi Smart Bulb, we recommend the Philips Hue. The Philips Hue is a similar product that offers many of the same features as the iLumi. However, the Philips Hue is a bit more expensive than the iLumi. A single Philips Hue bulb costs $60, and a starter kit with three bulbs costs $200.
Our Final Thoughts
The ILumi Smart Bulb has generally received positive reviews online. Most people seem to be happy with the product and say that it works as advertised. There are a few complaints about the app, but most people seem to be having no problems with it.
Some people have also complained about the price of the bulbs, but considering their long-life span and energy savings, they may be worth it in the long run.
