Mumbai-based robotics startup Miko has raised $10.5 million (around ₹93.5 crore) in a fresh funding round led by iHeartMedia, the American audio media giant. The funding follows Miko’s $15.8 million Series D round in October last year, which saw participation from IvyCap Ventures Advisors and other investors.
As part of this latest collaboration, Miko will integrate iHeartMedia’s extensive audio content into its smart robots, enhancing interactive learning and entertainment experiences for children worldwide.
AI Meets Emotional Intelligence in Robotics
Founded in 2015 by Sneh Vaswani, Prashant Iyengar, and Chintan Raikar, Miko.ai builds emotionally intelligent robots designed to educate, engage, and entertain children through safe, adaptive interactions.
The company’s flagship products, Miko Mini and Miko 3, combine AI, robotics, and IoT technologies to function as personal AI companions. These devices use generative content, advanced sensors, and memory-based learning systems to adapt to children’s moods and behaviors, making conversations more natural and emotionally resonant.
“Our partnership with iHeart marks a pivotal moment in Miko’s mission to make AI companions part of everyday family life,” said Sneh Vaswani, Co-founder and CEO of Miko.
Global Expansion and New Retail Partnerships
Miko currently sells its products in over 90 countries and serves customers across 140 international markets, including the US, Europe, and the Middle East. The company recently launched its retail presence with Costco in North America, signaling its deepening global reach.
With the latest capital infusion, Miko plans to expand content partnerships, enhance AI capabilities, and further strengthen its footprint in the global consumer robotics market.
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