Mumbai-based robotics startup Miko has raised $10.5 million (approximately ₹93.5 crore) in a fresh funding round led by iHeartMedia, one of America’s leading audio media companies.
This investment follows Miko’s $15.8 million Series D round in October last year, which was backed by IvyCap Ventures Advisors and other investors.
AI-Powered Robots with Emotional Intelligence
Founded in 2015 by Sneh Vaswani, Prashant Iyengar, and Chintan Raikar, Miko.ai is a global robotics and AI company developing emotionally intelligent robots that educate, entertain, and engage children. Combining AI, robotics, and IoT, Miko’s flagship products — Miko Mini and Miko 3 — are designed to act as personal companions that foster learning and creativity in children.
The company currently sells its products in over 90 countries and continues to expand its global reach.
Strategic Partnership with iHeartMedia
Alongside the funding, Miko and iHeartMedia have entered into a strategic partnership, integrating iHeart’s rich audio content into Miko’s companion robots. This collaboration will enhance the entertainment and educational experiences delivered through Miko devices.
“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 Retail Growth
Miko says it now serves customers in over 140 countries, including the US, Europe, and the Middle East, leveraging generative content, advanced sensors, and long-term memory to create safe, adaptive, and emotionally engaging interactions.
The brand also recently went live with retail giant Costco in North America — a major step in strengthening its presence in the global consumer robotics market.
