Debt financing
Robotics firm Miko raises Rs 100-Cr from Stride Ventures
Miko-brand child companion robot maker Emotix has raised INR 100 crore or $13.3 million from existing venture debt lender Stride Ventures. Emotix had last raised USD 28 million in an equity round in August 2021. Miko creates emotionally intelligent robots which leverage artificial intelligence and the Internet of Things (IoT) in developing its flagship brand Miko. After the success of its first-generation robots, the company launched an advanced version which uses voice-recognition technology to see, hear, sense, express, talk, and recognize faces.
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