Miko
Overview
Miko is an advanced consumer robotics company founded in Mumbai, India, in 2015 by Sneh Vaswani, Prashant Iyengar, and Chintan Raikar. The company specializes in developing AI-powered robots designed to engage, educate, and entertain children through interactive learning experiences. Miko's flagship products include the Miko 3 and Miko Mini robots, which combine conversational capabilities with educational content to provide a personalized learning experience. The company has raised over $91.3 million to date and has a significant global presence in more than 140 countries.
Recent Developments
The past couple of years have been significant for Miko with several key developments:
- November 2025: Miko raised $10.5 million in funding led by iHeartMedia to enhance its AI-driven companion robots for children. This partnership aims to integrate iHeartMedia's audio content into Miko devices, expanding their educational and entertainment capabilities.
- October 2025: The latest valuation place Miko's worth at approximately INR 1,860 crore (about $550 million), marking a substantial increase from previous valuations. This valuation reflects Miko's increased global reach and its advancements in AI and robotics.
- September 2025: Miko announced a retail rollout partnership with Costco in North America. This strategic initiative aims to expand the company’s market presence and accessibility to its products across the U.S. market.
- August 2025: Miko launched its ‘Miko Story Magic’ contest, a national storybook competition where children co-create stories using the Miko robot, promoting creativity and engagement.
- January 2025: Miko continued to make strides in educational technology by integrating Google's Gemini for enhanced quality control of its AI models, ensuring safe and responsible AI interaction for children.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2015 |
| Headquarters | Mumbai, India |
| Founders | Sneh Vaswani, Prashant Iyengar, Chintan Raikar |
| Revenue | Not publicly disclosed for 2025 |
| Profits | Loss of INR 120 crore in FY2024 |
| Key Investors | iHeartMedia, IvyCap Ventures Advisors |
| Industry | Robotics, AI Education |
| Number of Employees | Approximately 243 |
Early History
Miko was established in January 2015 by a team of IIT Bombay graduates. The founders aimed to create advanced robotics solutions to enhance children's learning experiences. In 2016, Miko launched its first robot, Miko 1, which introduced basic interactions and educational content. By 2019, Miko released its second iteration, Miko 2, which featured enhanced conversational abilities, facial recognition, and a broader range of educational content, further solidifying its reputation in the AI education space. These initial products set the foundation for Miko's focus on emotional intelligence in robotics.
Company Profile and Achievements
Miko's business model revolves around developing robots that serve as educational companions for children. Its AI-powered robots, such as Miko 3, provide interactive learning through conversational AI that recognizes children's unique learning needs:
- 2015: Founded with a vision to merge robotics, AI, and IoT for children's education.
- 2016-2025: Expanded product line to include Miko 1, Miko 2, and the flagship Miko 3, which offers a personalized learning experience for children.
- Education and Interaction: Miko robots are equipped with AI that adapts and learns from each child, providing tailored educational content across subjects like math, science, and literacy.
- Global Reach: Miko products are available in over 140 countries, making it a leader in the educational robotics market.
Current Operations and Market Position
Miko operates within the niche of AI-powered education technology. It holds a prominent position as a pioneer in using robotics to facilitate interactive learning. The company's robots cater to children aged 5-10, driving engagement through personalized interaction and learning modules. Miko capitalizes on the integration of third-party content through partnerships with educational publishers, enabling a robust content ecosystem for users. As of 2025, Miko continues to expand its market presence, with retail partnerships and strategic collaborations broadening its reach.
Conclusion
Miko stands out in the AI-powered educational robotics sector, renowned for its innovative approach to children's learning and development through technology. With significant funding and strategic partnerships, the company is well-poised for continued growth and innovation. Looking forward, Miko's focus on expanding globally and enhancing product capabilities seeks to position it as a leader in AI-driven educational solutions. Its vision for inclusive, personalized education promises to bridge educational gaps and transform learning experiences for children worldwide.