Indian startup behind the ‘playful learning robot’ Miko, raises $7.5 million
Robotics startupEmotix who produces the robot Mikohas raised its series A round from Chiratae Ventures, YourNest Venture Capital and others.
- Miko now has global expansion plans and will enter the North America, UK and Middle East markets before the holiday season.
- Miko is found even in a Hamleys store and has 120 employees in the US and India.
With this investment, Miko now has global expansion plans and will enter the North America, UK and Middle East markets before the start of this holiday season.
“Our company has grown by leaps and bounds over the past five years. We’re excited to bring our AI-driven playful learning robots to international markets as a way to meet the needs of today's parents who seek a positive and trusted gateway of technology which also caters to learning and developmental needs,” said Sneh Vaswani, Co-Founder and CEO of Miko.
Working as a personal robot for children for education as well as entertainment, Miko was founded by three IIT Bombay graduates Sneh Vaswani, Prashant Iyengar and Chintan Raikar in 2015. The startup had launched Miko in 2016 and had then launched Miko 2 in 2018.
With parental controls and a camera, Miko also comes powered with ‘emotional intelligence’. Today, Miko is found at a Hamleys store and has 120 employees in the US and India.