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Appsilon
Jewellery production and advanced materials based solutions for electronic applications
About Appsilon
Appsilon Scientific is a pioneering startup that specializes in the creation of lab-grown diamonds. These diamonds are chemically and physically identical to those mined from the earth. The company uses advanced technology to replicate the natural diamond formation process within a plasma chamber, which mimics the high-pressure, high-temperature conditions found in nature. This innovative approach allows Appsilon to produce diamonds that are ethical, sustainable, and more affordable than traditional mined diamonds.
Appsilon operates in the high-tech sector, serving a diverse range of clients including universities, research institutes, and industries involved in quantum technologies, electronics, lasers, and detectors. The company is also venturing into the cosmetics market with its 'Diacosm' project, which is funded and supported by the European Union's H2020 Program.
The business model of Appsilon is centered around research and development (R&D) and the commercialization of lab-grown diamonds. By focusing on R&D, the company continually improves its diamond-growing technology, ensuring high-quality products that meet the specific needs of various sectors. Revenue is generated through the sale of these lab-grown diamonds to industrial clients and through partnerships and funding from academic and governmental bodies.
Appsilon's commitment to sustainability and ethical practices sets it apart in the diamond industry. The company aims to disrupt the traditional diamond market by offering a more responsible alternative that does not involve the environmental and ethical issues associated with diamond mining.
In summary, Appsilon Scientific is a forward-thinking company that leverages cutting-edge technology to produce lab-grown diamonds for a variety of high-tech applications, while also making strides in the cosmetics industry. Its business model focuses on continuous innovation and ethical practices, making it a standout player in the diamond market.
Source: Dealroom company dataAt a glance
- Founded
- 2017
- Headquarters
- Istanbul, Türkiye
- Sector
- Fashion
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
Diffusion Capital Partners
European Innovation Council
CompuSoluciones
Kale United
Series A1 investor entered at this stage
Turkish Development Fund
Series B and later1 investor entered at this stage
Esas Holding
Source: Dealroom Talent Intelligence.
Global footprint
team presence
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