On average, an American spends 2.5 days per year searching for lost items. In the U.S. alone, annual spending on finding lost belongings amounts to $2.7 billion, according to The Pixie Lost & Found research. A significant portion of lost items are misplaced within businesses, including airports, public transportation, parks, and concert venues. Storing lost property in these locations is costly and inefficient, contributing to additional operational challenges. Losing personal belongings is also emotionally distressing for individuals, and replacing lost items can harm the environment by increasing unnecessary consumption and waste.
Our primary customer segment consists of B2B clients, including airports, airlines, bus companies, and other transportation providers. These customers are seeking an efficient solution to manage their lost and found items. While they can currently search their own databases to locate lost items, our solution allows them to access the entire history of lost items across the system, significantly improving retrieval rates. Our top three direct competitors in the market are Thanks Boomerang (based in the U.S.), ilost, and notlost, with several indirect competitors also present in the space.
Buluver provides an AI-powered lost and found management SaaS that simplifies and streamlines the process for businesses. Employees, such as security officers, can easily upload lost items, while individuals who have lost their belongings can do the same. The system automatically matches items, reducing time and effort for both parties. Our unique value proposition lies in the efficiency and scalability of AI-driven matching, making Buluver a game changer in this market and positioning us to lead the industry with our innovative approach.
I am Semi, a Mechatronics Engineering graduate from Bahcesehir University with a 75% scholarship. I previously worked at META as a Customer Support Representative and now serve as a Technical Solutions Engineer at Turkey's largest AI startup, Novus. This background gives me strong experience in both technical and soft skills, enabling me to effectively lead the Buluver business.
