Miko is a companion robot which engages, educates and entertains kids in over 140 countries. It is powered by a proprietary emotionally intelligent and adaptive personality engine having a complex, conversational and multilingual AI framework. Half of Miko’s lifetime value (LTV) comes from content on subscription hardware. Three versions of the robot have been developed and marketed globally with less than US$ 15 mn in funding, and the underlying technology (with 15 patents) has potential use cases across all age groups. In October 2022, Miko acquired a majority stake in Square Off which produces AI-based automated board games.
Miko is originally a Fund II investment in which we have further invested from Fund III as part of our crossover strategy.