Mumbai-based Miko, a robotics startup focused on creating emotionally intelligent solutions, has raised about $3.1 million (Rs23 crore) in its pre-Series B funding round led by Stride Ventures, as per an announcement on Monday.
Miko plans to use the fresh capital for product development and to form global alliances.
The startup was founded in 2015 by IIT Bombay graduates Sneh R Vaswani, Prashant Iyengar, and Chintan Raikar along with global experts in engineering, mathematics, design, and education. After the success of their first generation of Miko robots, the company launched Miko 2, a robot that can see, hear, sense, express, talk, recognise faces, remember names, identify moods, initiate a conversation, and learn from its own environment to intuitively develop a bond with a child.
“Miko 2 has now evolved into a powerful content subscription platform with global content alliances. We are on track to surpass the 100,000 user mark in the coming quarters with Miko 2 hosting hundreds of applications and use cases,” said Sneh R Vaswani, co-founder and CEO, Miko.
The startup claims to have expanded its user base to more than 90 countries.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from October 8-12, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Miko||Mumbai||3.1 million||Pre-Series B||Stride Ventures||Chiratae Ventures, YourNest, Keshav Murugesh||Consumer Electronics||Robotics & Drones|
|Razorpay||Bengaluru||100 million||Series D||GIC Pte, Sequoia India||Ribbit Capital, Tiger Global, Y Combinator, Matrix Partners||Financial Services||FinTech|
|PakkaProfile||Bengaluru||-||Seed||Java Capital||LetsVenture, Akshay Kothari||Internet||HR Tech|
|Gourmet Garden||Bengaluru||-||-||Incubate Fund India, Whiteboard Capital||-||Agribusiness||AgTech|
|Satyukt||Bengaluru||500,000||Seed||Nabventures, Social Alpha||-||Agribusiness||Big Data|