iLumi
DealElectronics LED smart light bulbs
Best known from its Shark Tank appearance, iLumi is a electronics led smart light bulbs in Season 5, and convinced Mark Cuban to invest.
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From the show
The Shark Tank pitch
- $350K
- Asked for
- 15%
- Offered equity
- $2.3M
- Sought valuation
- $350K
- Deal amount
- 25%
- Deal equity
- $1.4M
- Deal valuation
Swapnil Bora and Corey Egan walked into the Tank in Season 5, Episode 25 in the episode that aired April 18, 2014, bringing their Plano, TX business with them. iLumi, the electronics led smart light bulbs, pitched in the Electronics category, one of 18 electronics businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $350,000 for a 15% stake, which valued the company at $2.3M.
Mark Cuban made the deal at $350,000 for 25% equity. That priced the company at $1.4M, a haircut from the $2.3M the founders walked in asking for, which is how negotiations in the Tank usually go.
iLumi was one of 116 businesses to pitch in Season 5, where 60 deals got done. In the Electronics category overall, roughly 44% of pitches have landed a shark across the show's history.
The full story
Everything to know about iLumi
iLumi is a Bluetooth-controlled LED light bulb that lets you set color, brightness, and lighting schedules from a phone app instead of a wall switch. It was built by Swapnil Bora and Corey Egan, two University of Texas at Dallas graduates who started the company in Plano, Texas. Their idea was to pack a tiny computer and rechargeable battery into a standard bulb so a single light could shift through millions of colors and keep running briefly during a power outage.
The founders walked into Shark Tank asking for 350,000 dollars in exchange for 15 percent of the business. They demonstrated the app controlling the bulbs live, and Mark Cuban saw the bigger play in their wireless mesh networking technology rather than the bulb alone. After back and forth, Cuban offered the full 350,000 dollars but for a larger 25 percent stake, and the pair accepted his terms on the spot.
What made iLumi memorable was that the bulb was really a delivery vehicle for the mesh networking software underneath it. Cuban repeatedly pointed to that platform as the reason he invested. The product stood out in a crowded smart-home field because each bulb could talk to the others without a separate hub, which was unusual for connected lighting at the time the episode aired in 2014.
Where iLumi is now
With Cuban behind them, the founders moved from a pre-revenue startup into retail, landing placement in chains such as Best Buy and Brookstone and reaching roughly 2 million dollars in sales. Bora, Egan, and Cuban later appeared together at the CES technology show in Las Vegas, and the company kept iterating on the bulb hardware and its companion app through the years after the show.
The business eventually shifted away from consumer bulbs. In 2019 it was renamed MeshTek Labs and refocused on Bluetooth mesh networking for commercial and industrial Internet of Things projects, with Bora continuing as chief executive. As of 2026 MeshTek is the active entity, while the original iLumi consumer bulb brand is effectively wound down and is no longer stocked through its old storefront.
Where to buy iLumi
The consumer iLumi bulb is no longer reliably available to buy new, since the company pivoted to the MeshTek commercial business and stopped selling the retail bulbs through its website. Occasionally older units surface on resale marketplaces, but the supporting app and ecosystem are not actively maintained for shoppers, so a secondhand bulb may have limited functionality. If you want color-changing smart bulbs today, current options from mainstream brands offer better support, so the iLumi bulb is mainly of interest as a Shark Tank collectible.
Is iLumi still in business?
Read our 2026 update on where the company is now.
Sold on iLumi?
Check today's price and availability before it swims away.
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Frequently asked questions
Where can I buy iLumi?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name. The company's official website is another option.
Did iLumi get a deal on Shark Tank?
Yes. iLumi closed a deal for $350,000 in exchange for 25% equity, with Mark Cuban.
Which shark invested in iLumi?
Mark Cuban invested in iLumi ($350,000 total as aired).
What season of Shark Tank was iLumi on?
iLumi appeared in Season 5, Episode 25, which aired April 18, 2014.
How much was iLumi asking for on Shark Tank?
The founders asked for $350,000 for 15% of the company, a $2.3M valuation.
Did iLumi get a deal on Shark Tank?
Yes. Mark Cuban invested 350,000 dollars for 25 percent of the company. The founders had originally asked for the same amount of money but for only 15 percent, so they gave up more equity to close with Cuban.
Is iLumi still in business?
The original iLumi consumer bulb brand is no longer actively selling. The company rebranded to MeshTek Labs in 2019 and now focuses on Bluetooth mesh networking technology for commercial Internet of Things applications rather than retail light bulbs.
Who founded iLumi?
iLumi was founded by Swapnil Bora and Corey Egan, both graduates of the University of Texas at Dallas. The company was based in Plano, Texas, and Bora continued to lead the business after it became MeshTek Labs.
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