Robotics startup Miko acquires 70% stake in Square Off
- ByStartupStory | October 7, 2022
Miko, an AI robotics startup for kids, has acquired a 70% stake in gaming platform Square Off for an undisclosed sum. As per a statement, the AI-driven firms aim to generate $100 million+ of revenue in 2023 through the partnership.
The acquisition of Square Off will allow a complete exit for its existing investors. However, the leadership of the gaming platform is expected to stay onboard post the acquisition.
Miko is Co-founded by Sneh Vaswani, Chintan Raikar and Prashant Iyengar, Miko is an advanced consumer robotics startup. Its product Miko 3, an AI-powered intelligent robot, uses playful, conversational learning to educate, engage and entertain kids aged 5-10 years.
“Miko robots and Square Off smartboard games will soon communicate with Miko robots taking on the role of instructors that teach children to play chess and other board games.” said Sneh Vaswani, speaking about the development.